NU Online News Service, June 28, 3:20 p.m. EDT
New York Governor David Paterson has introduced a program bill that would, except under limited circumstances, close all private group self-insured trusts in the state, tracking recommendations made by a task force earlier this month.
According to the bill's memo, only private group self-insured trusts that are able to post security for their liabilities in a manner comparable to individual self-insurers would be allowed to continue operations. The memo said the number of such trusts is expected to be "very limited."
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