yes
no
Could i use other than New York State issued automobile liability insurance coverage?
No you could not and you need to maintain the coverage to avoid suspension of your vehicle registration and driver license by the DMV.
Is it compulsory that the name on the insurance card and vehicle registration application must be similar?
Yes. It must be similar.
Why would the DMV suspend my driving license if i am unable to maintain my insurance coverage?
It is up to the DMV. The DMV may or may not suspend both the vehicle registration and driving license when you are unable to maintain the coverage.
What is the minimum amount of liability coverage for a single accident?
It is  $ 10,000 for a single accident.
Can i just sent copies or fax my Insurance Identification Card?
Yes but please make sure the barcode on the document is clear because the DMV will not accept a card that the DMV barcode reader could not read.
What if the name on my vehicle registration application and Insurance Identification Card does not match?