New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter XIV - Individual And Small Group Health Insurance
Part 363 - Unprofessional Conduct
Section 363.2 - Applicability
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 363.2
Current through Register Vol. 46, No. 12, March 20, 2024
(a) Pursuant to Workers' Compensation Law section 211, a covered employer shall provide family leave benefits to its employees in one or more of the following ways:
(1) by insuring and keeping insured the
payment of such benefits with an issuer; or
(2) by self-funding, in which case, a covered
employer shall furnish satisfactory proof to the chair of the workers'
compensation board of the employer's financial ability to pay such
benefits.
(b) This Part shall apply to family leave benefits and shall also apply to any policy.
(c) The requirements of this Part shall apply to an issuer provided, however, that the superintendent shall have the discretion to exempt the state insurance fund of this State from the requirements of section 363.5 of this Part if the superintendent finds that such exemption facilitates a fair and efficient market for family leave benefits coverage.
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