New York Vehicle & Traffic Law Article 6 - MOTOR VEHICLE FINANCIAL SECURITY ACT

• 310 - Short Title and Declaration of Purpose.
  (1) This article shall be known and may be cited as the "Motor Vehicle Financial Security Act." (2) Declaration of purpose. The legislature is concerned...
• 311 - Definitions.
  As used in this article: 1. The term "superintendent" shall mean the superintendent of financial services of this state. 2. The term "motor vehicle" shall...
• 312 - Registration of Motor Vehicles.
  1. (a) No motor vehicle shall be registered in this state unless the application for such registration is accompanied by proof of financial security which...
• 312-a - Issuance and Termination of Liability Insurance and Maintenance of Records.
  1. Upon issuance of an owner's policy of liability insurance or other financial security required by this chapter, an insurer shall issue proof of insurance...
• 313 - Notice of Termination.
  1. (a) No contract of insurance for which a certificate of insurance has been filed with the commissioner shall be terminated by cancellation by the...
• 314 - Acceptance of Financial Security Deposits.
  1. All moneys or securities delivered to the commissioner as a financial security deposit shall be placed by the commissioner in the custody of the...
• 315 - Release of Financial Security Bonds or Deposits.
  1. The commissioner, upon the surrender of the registration and number plates for a motor vehicle for which a financial security bond or deposit was...
• 316 - Self-Insurers.
  The commissioner, in his discretion, may upon the application of a person having registered in his name in this state more than twenty-five motor vehicles,...
• 317 - Expenses of Administering Article.
  1. The total amount of expenses incurred in connection with the administration of this article shall be paid by all insurance carriers which issue policies...
• 318 - Revocation of Registrations, Drivers' Licenses and Non-Resident Privileges.
  1. (a) Except as otherwise provided in this subdivision, the commissioner, upon receipt of evidence that proof of financial security for any motor vehicle, other...
• 319 - Penalties.
  1. Any owner of a motor vehicle registered in this state, or an unregistered motor vehicle, who shall operate such motor vehicle or permit it...
• 320 - Notice to Other Jurisdictions.
  The commissioner shall transmit a certified copy of any record of any conviction under this article or of any action taken pursuant to this article...
• 321 - Exceptions.
  1. This article shall not apply to any motor vehicle for the operation of which security is required to be furnished under section three hundred...

Last modified: February 3, 2019