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When a material change occurs within an entity, does the experience continue to apply?

April 26, 2017Continue entity experience material occurs

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When a material change occurs within an entity, does the experience continue to apply?

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Unless the entity meets certain limited criteria, the experience of an entity undergoing a change in ownership will be transferred to the experience ratings of the acquiring, surviving, or new entity, in accordance with the rules of the New York Experience Rating Plan manual.