§ 5913. Financial responsibility. Wherever pursuant to the laws of\nthis state or any political subdivision of this state a demonstration of\nfinancial responsibility is required as a condition for obtaining a\nlicense or permit to undertake specified activities, if any such\nrequirement may not be satisfied by obtaining insurance coverage from an\ninsurer not authorized to do business in this state, such requirement\nmay not be satisfied by purchasing insurance from a risk retention group\nnot chartered in this state.\n
N.Y. Ins. Law § 5913
Financial responsibility
Showing this section's text as in effect on January 1, 2015 (in force January 1, 2015 – January 1, 2024). View current text →
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.