N.Y. Workers' Compensation Law § 86: Catastrophe surplus and reserves for workers' compensation

§ 86. Catastrophe surplus and reserves for workers' compensation. Ten

per centum of the premiums collected from employers insured in the fund

for workers' compensation shall be set aside for the creation of a

surplus until such surplus shall amount to the sum of one hundred

thousand dollars, and thereafter five per centum of such premiums, until

such time as in the judgment of the commissioners such surplus shall be

sufficiently large to cover the catastrophe hazard. Thereafter the

contribution to such surplus may be reduced or discontinued conditional

upon constant maintenance of a sufficient surplus to cover the

catastrophe hazard. Reserves shall be set up and maintained adequate to

meet anticipated losses and carry all claims and policies to maturity,

which reserves shall be computed to reflect the present values, at five

percent interest per annum, of the determined and estimated unpaid

losses, and other requirements computed in accordance with such rules as

shall be approved by the superintendent of financial services.