N.Y. Lab. Law § 870-f

§ 870-f. Liability insurance. Before the commissioner may issue a\npermit to the owner or lessee of an amusement device, viewing stand or\ntent, the owner or lessee of such device, viewing stand or tent shall\nfurnish the commissioner with proof that he has purchased insurance or\nposted cash or other security in an amount not less than one million\ndollars per occurrence or a bond in an amount not less than two million\nfive hundred thousand dollars in the aggregate against liability for\ninjury to persons arising out of the use of the amusement device,\nviewing stand or tent. In the event such liability insurance is\ncancelled, the insurer shall give thirty days' prior notice of such\ncancellation to the commissioner.\n