N.Y. VAT. LAW § 312 : NY Code - Section 312: Registration of motor vehicles

Search N.Y. VAT. LAW § 312 : NY Code - Section 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 shall be evidenced
  by proof of insurance or  evidence  of  a  financial  security  bond,  a
  financial  security  deposit  or  qualification  as a self-insurer under
  section three hundred sixteen; provided that, if directed by  regulation
  of  the  commissioner,  upon  renewal  of  registration  an  application
  accompanied by a certificate of registration or renewal  stub  in  force
  immediately preceding the date of application for renewal, together with
  a  statement  in  a  form prescribed by the commissioner certifying that
  there  is  in  effect  proof  of  financial  security,  shall  meet  the
  requirements  of this section. Upon the issuance or renewal of a private
  passenger automobile insurance  policy  subject  to  the  provisions  of
  section  one  hundred sixty-seven-aa of the insurance law, the insurance
  company shall  provide  the  insured  with  an  informational  statement
  outlining  the  legal  and  financial  consequences of convictions under
  section one thousand one hundred ninety-two of this chapter,  pertaining
  to  operating  a  motor  vehicle while under the influence of alcohol or
  drugs. Such information shall be supplied to the company  by  the  state
  insurance department in consultation with the commissioner.
    (b)  The owner of such motor vehicle shall maintain proof of financial
  security continuously throughout the registration period and his failure
  to produce proof of financial security when  requested  to  do  so  upon
  demand  of  a magistrate, motor vehicle inspector, peace officer, acting
  pursuant to his special duties, or police officer, while such vehicle is
  being operated upon the public highway, shall be presumptive evidence of
  operating a motor vehicle without proof of financial security. Upon  the
  production  of  proof of financial security such presumption is removed.
  Production of proof of financial security may be made  by  mailing  such
  proof  to the court having jurisdiction in the matter, and any necessary
  response by such court or acknowledgement  of  the  production  of  such
  proof may also be made by mail. When insurance with respect to any motor
  vehicle,  other  than  a  motorcycle,  is  terminated  the  owner  shall
  surrender forthwith his registration certificate and  number  plates  of
  the  vehicle  to  the  commissioner  unless  proof of financial security
  otherwise is maintained in compliance with this article.
    * NB Effective until June 30, 2011
    * 1. No motor vehicle shall be registered in  this  state  unless  the
  application  for  such registration is accompanied by proof of financial
  security which shall be evidenced  by  a  certificate  of  insurance  or
  evidence  of  a financial security bond, a financial security deposit or
  qualification as a self-insurer under  section  three  hundred  sixteen;
  provided  that upon renewal of registration with respect to registration
  years commencing on or after January first, nineteen hundred fifty-eight
  an application accompanied by a certificate of registration  or  renewal
  stub in force immediately preceding the date of application for renewal,
  together  with  a statement by the applicant certifying that there is in
  effect proof of financial security, shall meet the requirements of  this
  section.
    (b)  The owner of such motor vehicle shall maintain proof of financial
  security continuously throughout the registration period and his failure
  to produce proof of financial security when  requested  to  do  so  upon
  demand  of  a magistrate, motor vehicle inspector, peace officer, acting
  pursuant to his special duties, or police officer, while such vehicle is
  being operated upon the public highway, shall be presumptive evidence of
  operating a motor vehicle without proof of financial security. Upon  the
  production  of  proof of financial security such presumption is removed.
  Production of proof of financial security may be made  by  mailing  such

  proof  to the court having jurisdiction in the matter, and any necessary
  response by such court or acknowledgement  of  the  production  of  such
  proof may also be made by mail. When insurance with respect to any motor
  vehicle,  other  than  a  motorcycle,  is  terminated  the  owner  shall
  surrender forthwith his registration certificate and  number  plates  of
  the  vehicle  to  the  commissioner  unless  proof of financial security
  otherwise is maintained in compliance with this article.
    * NB Effective June 30, 2011
    2. No financial security bond shall be accepted  by  the  commissioner
  unless it is conditioned for payments in amount and under the same terms
  and  conditions  as  are  required  for  an  owner's policy of liability
  insurance.
    3. No financial security deposit shall be accepted by the commissioner
  except in accordance  with  the  provisions  of  section  three  hundred
  fourteen.
    4.  The  commissioner  is  hereby  authorized to promulgate reasonable
  regulations to provide effective administration and enforcement  of  the
  provisions of this article in accordance with the purposes thereof.
    5.  Notwithstanding  any  inconsistent provisions of this article, the
  commissioner may by regulation, in lieu of the provisions of subdivision
  one requiring the submission of a certificate of insurance  or  evidence
  of  a  financial security bond, require that an insurance identification
  card be presented each time a vehicle is registered or a registration is
  renewed in this state.