What is a change to outstanding policies?
A change to outstanding policies is an adjustment made to in-force policies that reflects changes in the benefits for injured workers as a result of a change in the New York State Workers’ Compensation Law. These law changes usually take effect as of an accident date, not a policy effective date. Therefore, the change to outstanding policies reflects the revised provisions of the Workers’ Compensation Law that were not in effect when the current manual rates were promulgated.
