§ 89-f. Workers' compensation security fund payment account. 1. There is hereby established in the custody of the superintendent of financial services a special revenue fund to be known as the "workers' compensation security fund payment account".
2. Such account shall consist of all moneys received by the workers' compensation security fund as payments pursuant to section one hundred eight of the workers' compensation law, and all other moneys credited or transferred thereto from any other fund or source pursuant to law.
3. The moneys of the workers' compensation security fund payment account shall be made available to the superintendent of financial services to pay for the borrowing of any funds pursuant to section seven thousand four hundred thirty-three-a of the insurance law and for payments to the workers' compensation security fund for payment of awards certified by the superintendent of financial services. All payments from such account shall be made upon the audit and warrant of the comptroller on vouchers certified or approved by the superintendent of financial services in the manner prescribed by law.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
