NY S01898

Requires merit rating system for workers' compensation insurance to account for each employer's loss experience during the most recent rating plan period, changing "may" to "shall" for mandatory consideration.

Excludes claims payments from loss experience calculations where the injury was determined to be the fault of another party.

Mandates that insurance rate-making for workers' compensation include consideration of individual employer loss experience during the most recent rating plan, in addition to existing factors.

Adds exemption from employer liability for workers' compensation when an employee is injured in a motor vehicle accident caused by a third party, to the extent compensation can be obtained through that party's liability coverage.

Takes effect January 1st following enactment.