New York Consolidated Laws, Workers' Compensation Law - WKC § 109-d. Notification of insolvency

Duties of chairman. Forthwith upon any carrier becoming an insolvent carrier, the superintendent of financial services shall so notify the chairman, who shall immediately advise the superintendent (a) of all claims for compensation pending or thereafter made against an employer insured by such insolvent carrier or against such insolvent carrier;  (b) of all unpaid or continuing awards and decisions made upon claims prior to or after the date of such notice from the superintendent;  and (c) of all appeals from or applications for modification or rescission or review of such awards or decisions.