§ 100. Insurance against liability to volunteer firefighters and ambulance workers. Insurance contracts issued by the state insurance fund to insure political subdivisions against liability in relation to volunteer firefighters or volunteer ambulance workers under the volunteer firefighters’ benefit law or the volunteer ambulance workers’ benefit law shall be designated “volunteer firefighters’ benefit insurance” or […]
§ 76. Creation of state fund. 1. There is hereby continued in the department of labor a fund known as “the state insurance fund”, for the purpose of insuring employers against liability for personal injuries or death sustained by their employees, including liability other than liability assumed by contract imposed upon employers by reason of […]
§ 77. Administration. The state insurance fund shall be administered by the commissioners of the state insurance fund, of whom there shall be ten. The commissioner of labor shall, in addition, be a commissioner of such fund by virtue of his or her office. The commissioners shall elect annually from the appointive members a chair […]
§ 78. Salaries and expenses. The commissioners shall not receive a salary or other compensation, but shall receive their actual and necessary traveling and other expenses incurred in connection with their attendance upon meetings or the business of the fund, which shall be paid out of the fund upon the warrant of the chairman of […]
§ 79. Meetings. The commissioners shall meet at least once in each month, except the month of August, and at such other times as they may determine or the business of the fund may require. Special meetings may be called by the industrial commissioner upon five days’ notice, and may also be called by any […]
§ 80. Seal. The commissioners shall adopt a seal and shall require it to be used for the authentication of records and documents as may be necessary and proper.
§ 81. Offices, lands, leaseholds and buildings. The commissioners, any law to the contrary notwithstanding, (a) may lease, sub-lease, rent or otherwise hire, on behalf of and in the sole name of the state insurance fund and under such terms and conditions and for such period or periods not in excess of ninety-nine years as […]
§ 82. Powers and duties. 1. The commissioners shall appoint an executive director, a general attorney, a secretary for terms of nine years each. Vacancies in such positions shall be filled for the unexpired terms. The commissioners shall also appoint, and may remove, four deputy executive directors and an actuary. The foregoing appointments shall be […]
§ 83. Rules. The commissioner shall adopt rules for the conduct of the business of the state fund, and may from time to time alter, amend or repeal any rule therefore adopted. At least six affirmative votes shall be required for the adoption of any rule, or the amendment or repeal of any rule. No […]
§ 84. General attorney. There shall be a general attorney of the state fund. He shall have such legal and other assistants as may be required, within the limits set forth in the budget. It shall be the duty of the general attorney to advise the commissioners and the management of the fund upon all […]
§ 85. Commissioner of taxation and finance custodian of fund. The commissioner of taxation and finance shall be the custodian of the state insurance fund; and all disbursements therefrom shall be paid by him upon drafts signed by the executive director, deputy executive director or an assistant director authorized for that purpose by the commissioners […]
§ 86. Catastrophe surplus and reserves for workers’ compensation. Ten per centum of the premiums collected from employers insured in the fund for workers’ compensation shall be set aside for the creation of a surplus until such surplus shall amount to the sum of one hundred thousand dollars, and thereafter five per centum of such […]
§ 86-a. Catastrophe surplus and reserves for disability benefits. Subject to such rules as shall be approved by the superintendent of financial services, there shall be set aside out of the premiums paid into the disability benefits fund an amount sufficient to provide against catastrophe and epidemics and reserves to meet anticipated losses and carry […]
§ 87. Investment of surplus or reserve. 1. Any of the reserve funds belonging to the state insurance fund, by order of the commissioners, approved by the superintendent of financial services, may be invested in the types of securities described in subdivisions one, two, three, four, five, six, eleven, twelve, twelve-a, thirteen, fourteen, fifteen, nineteen, […]
§ 87-a. Investment in obligations of the municipal assistance corporation for the city of New York; indemnification. 1. The state insurance fund, and all state officers with responsibility for the custody or investment thereof, are authorized and directed to take any and all actions necessary or appropriate to cause such fund to make purchases as […]
§ 87-b. Investments in obligations of the city of Yonkers; indemnification. 1. The state insurance fund, and all state officers with responsibility for the custody or investment thereof, are authorized and directed to take any and all actions necessary or appropriate to cause such fund to make purchases as soon as possible, but in no […]
§ 87-bb. Investments in obligations of the city of Yonkers; indemnification (1984). 1. The state insurance fund, and all state officers with responsibility for the custody or investment of such fund or of its assets, are authorized and directed to take any and all actions necessary or appropriate to cause such fund to make purchases […]
§ 87-c. Investments in obligations of designated public benefit corporations; indemnifications. 1. The state insurance fund, and all state officers with responsibility for the custody or investment of such fund or of its assets, are authorized and directed to take any and all actions necessary or appropriate to cause such fund to make purchases, in […]
§ 87-d. Contractual obligations as evidence of indebtedness upon reimbursement of reserves. 1. a. Notwithstanding any other provision of law the contrary, the state insurance fund, hereafter referred to as the fund, and all state officers with responsibility for the custody or investment of such fund or of its assets, are authorized and directed to […]
§ 87-e. Amortization of gains or losses. Gains or losses realized by the state insurance fund as a result of sales or dispositions pursuant to the authorization and direction of section eighty-seven-a, eighty-seven-b, eighty-seven-bb, eighty-seven-c, or eighty-seven-f of this chapter shall be transferred to a special asset account to be known as the deferred charge […]
