N.Y. Comp. Codes R. & Regs. tit. 12, § 60-1.12 – Insurer’s duties and responsibilities.

(a) The insurer shall apply each incentive that is granted by the department and the superintendent to the employer’s next policy renewal period following the date of the department’s approval certificate. The implementation of the incentive for individually self-insured employers will be subject to the annual renewal process required by Part 315 of this Title.
(b) If an employer obtains workers' compensation insurance from a different insurer than the insurer that originally provided the employer its WSLPIP incentive, the new insurer shall continue to apply the required incentive in accordance with the regulations established by the superintendent pursuant to section 134(6) of the Workers' Compensation Law.
(c) The insurer providing a credit pursuant to this Part shall report annually to the commissioner and the superintendent, in a form prescribed by the superintendent, the total number of employers insured during the prior year that received a premium credit for each WSLPIP program, and the total amount of the credit provided by the insurer.
(d) For individually self-insured employers, the chair of the board shall maintain the information required by this Part and provide it to the commissioner and the superintendent upon request. However, for purposes of this Part, an individually self-insured employer’s “premium credit” refers to the employer’s security deposit adjustment.