State Codes and Statutes

Statutes > New-york > Wkc > Article-6 > 92

§ 92. Payment of premiums. 1. Workers' compensation insurance premiums  for any policy period shall be paid into the state insurance fund at the  beginning of the period when the amount of such premium is less than one  thousand dollars according to the estimated expenditure of wages for the  period  except to the extent that rules of the commissioners permit such  amount to be paid by installments. For all other policyholders, workers'  compensation insurance premiums  for  any  policy  period  based  on  an  estimated expenditure of wages for the period may, at the policyholders'  option,  be  paid  into  the  state  insurance  fund  by installments in  accordance with rules promulgated by the commissioners.    2. Disability benefits insurance premiums for any period shall be paid  into the state insurance fund at the beginning of the  period  according  to  the  estimated  expenditure  of  wages  for the period except to the  extent that rules of the commissioners permit such amount to be paid  by  installments.    3. At the end of the period an adjustment of the premium shall be made  according  to  the actual expenditure of wages. If such adjusted premium  is more than the premium paid  at  the  beginning  of  the  period,  the  policyholder  shall  pay the difference immediately upon notification of  the amount due except to  the  extent  that  rules  promulgated  by  the  commissioners  permit  such  amount  to be paid by installments. If such  adjusted premium is less than the premium paid  in  advance,  the  state  insurance  fund  shall,  at the policyholder's option, either refund the  difference or credit the amount thereof to  the  policyholder's  account  with the state insurance fund.

State Codes and Statutes

Statutes > New-york > Wkc > Article-6 > 92

§ 92. Payment of premiums. 1. Workers' compensation insurance premiums  for any policy period shall be paid into the state insurance fund at the  beginning of the period when the amount of such premium is less than one  thousand dollars according to the estimated expenditure of wages for the  period  except to the extent that rules of the commissioners permit such  amount to be paid by installments. For all other policyholders, workers'  compensation insurance premiums  for  any  policy  period  based  on  an  estimated expenditure of wages for the period may, at the policyholders'  option,  be  paid  into  the  state  insurance  fund  by installments in  accordance with rules promulgated by the commissioners.    2. Disability benefits insurance premiums for any period shall be paid  into the state insurance fund at the beginning of the  period  according  to  the  estimated  expenditure  of  wages  for the period except to the  extent that rules of the commissioners permit such amount to be paid  by  installments.    3. At the end of the period an adjustment of the premium shall be made  according  to  the actual expenditure of wages. If such adjusted premium  is more than the premium paid  at  the  beginning  of  the  period,  the  policyholder  shall  pay the difference immediately upon notification of  the amount due except to  the  extent  that  rules  promulgated  by  the  commissioners  permit  such  amount  to be paid by installments. If such  adjusted premium is less than the premium paid  in  advance,  the  state  insurance  fund  shall,  at the policyholder's option, either refund the  difference or credit the amount thereof to  the  policyholder's  account  with the state insurance fund.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Wkc > Article-6 > 92

§ 92. Payment of premiums. 1. Workers' compensation insurance premiums  for any policy period shall be paid into the state insurance fund at the  beginning of the period when the amount of such premium is less than one  thousand dollars according to the estimated expenditure of wages for the  period  except to the extent that rules of the commissioners permit such  amount to be paid by installments. For all other policyholders, workers'  compensation insurance premiums  for  any  policy  period  based  on  an  estimated expenditure of wages for the period may, at the policyholders'  option,  be  paid  into  the  state  insurance  fund  by installments in  accordance with rules promulgated by the commissioners.    2. Disability benefits insurance premiums for any period shall be paid  into the state insurance fund at the beginning of the  period  according  to  the  estimated  expenditure  of  wages  for the period except to the  extent that rules of the commissioners permit such amount to be paid  by  installments.    3. At the end of the period an adjustment of the premium shall be made  according  to  the actual expenditure of wages. If such adjusted premium  is more than the premium paid  at  the  beginning  of  the  period,  the  policyholder  shall  pay the difference immediately upon notification of  the amount due except to  the  extent  that  rules  promulgated  by  the  commissioners  permit  such  amount  to be paid by installments. If such  adjusted premium is less than the premium paid  in  advance,  the  state  insurance  fund  shall,  at the policyholder's option, either refund the  difference or credit the amount thereof to  the  policyholder's  account  with the state insurance fund.