Source: https://www.lawserver.com/law/state/new-york/ny-laws/new_york_laws_vehicle_traffic_title_3_article_6
Timestamp: 2020-08-09 17:34:36
Document Index: 358047780

Matched Legal Cases: ['§ 310', '§ 311', '§ 312', '§ 312', '§ 313', '§ 314', '§ 315', '§ 316', '§ 317', '§ 318', '§ 319', '§ 320', '§ 321']

New York Laws > Vehicle and Traffic > Title 3 > Article 6 – Motor Vehicle Financial Security Act » LawServer
New York Laws > Vehicle and Traffic > Title 3 > Article 6
New York Laws > Vehicle and Traffic > Title 3 > Article 6 – Motor Vehicle Financial Security Act
§ 310 Short Title and Declaration of Purpose
§ 311 Definitions
§ 312 Registration of Motor Vehicles
§ 312-A Issuance and Termination of Liability Insurance and Maintenance of Records
§ 313 Notice of Termination
§ 314 Acceptance of Financial Security Deposits
§ 315 Release of Financial Security Bonds or Deposits
§ 316 Self-Insurers
§ 317 Expenses of Administering Article
§ 318 Revocation of Registrations, Drivers’ Licenses and Non-Resident Privileges
§ 319 Penalties
§ 320 Notice to Other Jurisdictions
§ 321 Exceptions
Terms Used In New York Laws > Vehicle and Traffic > Title 3 > Article 6
certificate of insurance: shall mean any evidence issued by or on behalf of an insurance company duly authorized to transact business in this state, stating in such form as the commissioner may prescribe or approve that such company has issued an owner's policy of liability insurance on the motor vehicle or vehicles designated therein. See N.Y. Vehicle and Traffic Law 311
financial security bond: shall mean for each motor vehicle a bond executed by the owner and by a surety company duly authorized to transact business in this state. See N.Y. Vehicle and Traffic Law 311
financial security deposit: shall mean for each motor vehicle the deposit with the commissioner of twenty-five thousand dollars in cash, or securities, such as may legally be purchased by savings banks or trust funds, of a market value of twenty-five thousand dollars and an additional deposit in an amount determined by the commissioner to be sufficient to satisfy the requirements of article fifty-one of the insurance law. See N.Y. Vehicle and Traffic Law 311
Insurance Identification Card: shall mean a card issued by or on behalf of an insurance company or bonding company duly authorized to transact business in this state, stating in such form as the commissioner may prescribe or approve that such company has issued an owner's policy of liability insurance or a financial security bond on the motor vehicle or vehicles designated therein. See N.Y. Vehicle and Traffic Law 311
manufactured home: means a mobile home or manufactured home as defined in section one hundred twenty-two-c of this chapter. See N.Y. Vehicle and Traffic Law 311
proof of financial security: shall mean proof of ability to respond in damages for liability arising out of the ownership, maintenance or use of a motor vehicle as evidenced by an owner's policy of liability insurance, a financial security bond, a financial security deposit, or qualifications as a self-insurer under section three hundred sixteen of this chapter or, in the case of a non-resident, under self-insurance provisions of the laws of the jurisdiction of such non-resident. See N.Y. Vehicle and Traffic Law 311
self-insurer: shall mean a person who shall have been determined by the commissioner in accordance with section three hundred sixteen to be financially responsible. See N.Y. Vehicle and Traffic Law 311
state: when used in this article shall unless the context clearly indicates otherwise, mean any state, territory or possession of the United States, the District of Columbia or any province of the Dominion of Canada. See N.Y. Vehicle and Traffic Law 311
superintendent: shall mean the superintendent of financial services of this state. See N.Y. Vehicle and Traffic Law 311