Our office has been told by the NY State Fund that this 10 day rule does not apply to Workers Compensation Loss Runs re:3426 Subsection (1) of the State Insurance Law. Please let me know if this is correct. Thank you in advance.
The only problem is the ins co can stall you by requiring a written and signed release from the insured for the loss runs.
If you’ve got a “cranky” insured who owns a Mom & Pop operation, they don’t always understand the need for loss runs. And sometimes, they won’t even let you explain it to them…
Our office has been told by the NY State Fund that this 10 day rule does not apply to Workers Compensation Loss Runs re:3426 Subsection (1) of the State Insurance Law. Please let me know if this is correct. Thank you in advance.
They told me this today as well. Just another reason to get everything you can out of the Fund.
The only problem is the ins co can stall you by requiring a written and signed release from the insured for the loss runs.
If you’ve got a “cranky” insured who owns a Mom & Pop operation, they don’t always understand the need for loss runs. And sometimes, they won’t even let you explain it to them…