New York Laws
Article 6-A - Workers' Compensation Security Fund
109-D - Notification of Insolvency.

§ 109-d. Notification of insolvency. Duties of chairman. Forthwith
upon any carrier becoming an insolvent carrier, the superintendent of
financial services shall so notify the chairman, who shall immediately
advise the superintendent (a) of all claims for compensation pending or
thereafter made against an employer insured by such insolvent carrier or
against such insolvent carrier; (b) of all unpaid or continuing awards
and decisions made upon claims prior to or after the date of such notice
from the superintendent; and (c) of all appeals from or applications for
modification or rescission or review of such awards or decisions.

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