New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter V - Rates And Rating Organizations
Subchapter B - Commercial And Industrial Risks
Part 151 - Workers' Compensation Insurance
Subpart 151-3 - Workplace Safety And Loss Prevention Incentive Program
Section 151-3.3 - Employer safety incentive program credits

Universal Citation: 11 NY Comp Codes Rules and Regs § 151-3.3

Current through Register Vol. 46, No. 39, September 25, 2024

For each policy of workers' compensation insurance issued or renewed in the State, an insurer shall provide credit to an insured employer that implements and maintains a safety incentive program, which meets the requirements of Industrial Code Rule 60. The credit shall be:

(a) four percent in the first full year in which the insured is entitled to a credit; and

(b) two percent in each consecutive full year thereafter.

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