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NEW YORK STATUTES AND CODES

86-A - Catastrophe surplus and reserves for disability benefits.

§ 86-a. Catastrophe surplus and reserves for disability benefits. Subject to such rules as shall be approved by the superintendent of insurance, 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.

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