What should a carrier do when they are going to assume the DB policies of another carrier?
An authorized representative of the insurance company should send a letter to: Disability Benefits Bureau Attn: Director of Disability Benefits 100 Broadway Albany, NY 12241 The letter should note the effective date of the change and the details of the assumption. The Director of Disability Benefits may also be reached at (518) 474-6680. The Board may be able to run a program in its system switching the former carrier’s policies over to the new carrier’s designated carrier “B” code. This process will eliminate the need for policies to be cancelled under the former carrier’s “B” code and the need for the new carrier to file additional documents under their own “B” code. In this instance, the coverage effective dates would remain the same. If the new carrier wanted to change the policy numbers later, a “Supersedes” transaction would have to be filed for each affected policy.
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