The carrier admits that it issued a renewal policy covering the employer for one year commencing December 2, 1974, but asserts that the policy was rejected by the employer and was, therefore, not in effect on October 8, 1975. Since the carrier failed to notify the employer of the cancellation of the policy, as required by subdivision 5 of section 54 of the Workers' Compensation Law, the question is whether the instant renewal policy had to be canceled in accordance with subdivision...
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