State Insurance Fund

Insurance Claim Payment Activities

The State Insurance Fund provides workers' compensation and disability benefit insurance coverage to about 45 percent of the employers in New York State. On a daily basis, the Comptroller's on-site audit staff examine insurance claims processed by the Fund. During the period January 1, 1996 though June 30, 1996, the Fund processed more than 1.1 million payments totaling $926 million. We audited more than 17,000 payments totaling $178 million. Our audits prevented overpayments totaling $1,422,763 and underpayments totaling $6,043. 97-D-6