N.Y. Ins. Law § 5913

* § 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 * NB Effective until March 13, 2024\n * § 5913. Financial responsibility. Except as provided in sections\nthree hundred eleven and three hundred seventy of the vehicle and\ntraffic law, wherever pursuant to the laws of this state or any\npolitical subdivision of this state a demonstration of financial\nresponsibility is required as a condition for obtaining a license or\npermit to undertake specified activities, if any such requirement may\nnot be satisfied by obtaining insurance coverage from an insurer not\nauthorized to do business in this state, such requirement may not be\nsatisfied by purchasing insurance from a risk retention group not\nchartered in this state. Every insurance policy issued by a risk\nretention group not chartered in this state pursuant to sections three\nhundred eleven and three hundred seventy of the vehicle and traffic law\nshall contain the notice set forth in section five thousand nine hundred\nfive of this article.\n * NB Effective March 13, 2024\n