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This entry was published on 2023-09-22
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SECTION 5913
Financial responsibility
Insurance (ISC) CHAPTER 28, ARTICLE 59
* § 5913. Financial responsibility. Wherever pursuant to the laws of
this state or any political subdivision of this state a demonstration of
financial responsibility is required as a condition for obtaining a
license or permit to undertake specified activities, if any such
requirement may not be satisfied by obtaining insurance coverage from an
insurer not authorized to do business in this state, such requirement
may not be satisfied by purchasing insurance from a risk retention group
not chartered in this state.

* NB Effective until March 13, 2024

* § 5913. Financial responsibility. Except as provided in sections
three hundred eleven and three hundred seventy of the vehicle and
traffic law, wherever pursuant to the laws of this state or any
political subdivision of this state a demonstration of financial
responsibility is required as a condition for obtaining a license or
permit to undertake specified activities, if any such requirement may
not be satisfied by obtaining insurance coverage from an insurer not
authorized to do business in this state, such requirement may not be
satisfied by purchasing insurance from a risk retention group not
chartered in this state. Every insurance policy issued by a risk
retention group not chartered in this state pursuant to sections three
hundred eleven and three hundred seventy of the vehicle and traffic law
shall contain the notice set forth in section five thousand nine hundred
five of this article.

* NB Effective March 13, 2024