Legislation
SECTION 86-A
Catastrophe surplus and reserves for disability benefits
Workers' Compensation (WKC) CHAPTER 67, ARTICLE 6
§ 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 all claims to maturity.
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 all claims to maturity.