New York Insurance Law Article 52 - MOTOR VEHICLE ACCIDENT INDEMNIFICATION CORPORATION

• 5201 - Title and Purpose.
  (a) This article may be cited as the "motor vehicle accident indemnification corporation act". (b) The legislature finds and declares that the motor vehicle financial...
• 5202 - Definitions.
  In this article: (a) "Motor vehicle" means a motor vehicle as defined in section one hundred twenty-five of the vehicle and traffic law and also...
• 5203 - Motor Vehicle Accident Indemnification Corporation.
  (a) The non-profit corporation known as the "motor vehicle accident indemnification corporation" shall be continued. (b) Every insurer authorized to write motor vehicle liability insurance...
• 5204 - Board of Directors.
  (a) The board of directors of the corporation shall be composed of nine persons. Seven of such directors shall be representatives of motor vehicle liability...
• 5205 - Liability of Directors and Members.
  (a) No director shall be individually liable for anything done or any liability incurred or assumed by virtue of this article and any such liability...
• 5206 - Powers of Corporation.
  The corporation shall have the power: (a) To use a corporate seal, to contract, to sue and be sued, to adopt and amend by-laws and...
• 5207 - Assessments Against Members.
  (a) If at any time in the opinion of the board, the corporation shall require funds for the operation of its business, the board shall...
• 5208 - Notice of Claim.
  (a) The protection provided by the corporation on account of motor vehicle accidents caused by financially irresponsible motorists shall be available to: (1) Any qualified...
• 5209 - Investigation and Defense of Claims.
  (a) The corporation shall provide for the investigation of accidents and actions governed by this article it deems necessary. (b) The corporation may through counsel...
• 5210 - Application for Payment of Judgment.
  (a) When any qualified person who has complied with all the applicable requirements of this article recovers a final judgment in a court against a...
• 5211 - Hearing on Application for Payment of Judgment.
  (a) The court shall proceed upon the petition in a summary manner and the petitioner must show: (1) the petitioner is a qualified person; (2)...
• 5212 - Order for Payment of Judgment.
  The court shall order the corporation to pay the sum, if any, it finds payable on the claim pursuant to the provisions and limitations of...
• 5213 - Settlement of Claims or Actions.
  (a) The corporation may, except in the case of claims or actions by or on behalf of infants or judicially declared incompetents, settle without court...
• 5214 - Default and Consent Judgments.
  (a) No claim shall be allowed and ordered to be paid by the corporation if the court finds upon the hearing for the allowance of...
• 5215 - Collusive Judgments.
  No claim against the corporation shall be allowed if the court finds, upon the hearing for the allowance of the claim, that the judgment upon...
• 5216 - Assignments of Judgments to Corporation.
  (a) The corporation shall not pay any sum, in compliance with an order made for that purpose, if the claim is founded upon a judgment,...
• 5217 - "Hit and Run" Causes of Action.
  The protection provided by this article shall not apply to any cause of action by a qualified person arising out of a motor vehicle accident...
• 5218 - Procedure for "Hit and Run" Cases.
  (a) Any qualified person having a cause of action for death or personal injury arising out of the ownership, maintenance or use of a motor...
• 5219 - Disclaimer or Denial of Coverage Cases.
  If a qualified person who has complied with paragraph three of subsection (a) of section five thousand two hundred eight of this article obtains judgment...
• 5220 - Notice of Judgment to Commissioner.
  The corporation shall give notice to the commissioner of the entry of any judgment upon which a claim is made against the corporation under this...
• 5221 - "No-Fault" Benefits to Qualified Persons.
  (a) The terms "basic economic loss", "first party benefits", "non-economic loss", "serious injury", "motor vehicle", "insurer", "uninsured motor vehicle" and "covered person", as used in...
• 5222 - Examination of Corporation.
  The superintendent shall make an examination into the affairs of the corporation as provided in subsection (a) of section three hundred nine of this chapter.
• 5224 - Penalty for False Statements.
  Any person and any agent or employee of a person, who knowingly files with the corporation any document required under this article, which is false...
• 5225 - Exemption From Taxation.
  The corporation shall be exempt from all taxes and fees now or hereafter imposed by the state, or by any county, municipality or local authority...

Last modified: February 3, 2019