§936 Insurance Policies

Summary

Insurance policies or contracts issued under this chapter must include a clause that follows section 935 and must say that if the employer becomes insolvent or goes bankrupt (or is discharged in that bankruptcy), the insurer still has to pay benefits for an employee’s disability or death that happened while the policy was in force. A carrier may not cancel such a policy before its stated end date until at least 30 days after a cancellation notice has been sent to both the deputy commissioner and the employer, as required by section 912(c).