This rule defines the term "insolvent" and states when the Chair will levy an assessment due to the default of an insolvent private group self–insured trust. The Notice of Proposed Rule Making and accompanying documents were published in the August 27, 2008, edition of the State Register and posted on the Board's website. The 45 day public comment period expired at the end of the day on October 14, 2008.
On October 21, 2008, the Chair adopted the proposed amendment to 12 NYCRR §317.20. The Notice of Adoption will be published in the November 5, 2008, edition of the State Register. The amendments to §317.20 will be effective November 5, 2008.