2006 New York Code - Insurance.

 
    §  20-377.1  Insurance. a. As a condition of the issuance of a license
  to operate a horse drawn cab, each applicant shall  furnish  proof  that
  such  horse drawn cab is insured under a liability insurance policy with
  respect to such horse drawn cab for personal injury  or  death  and  for
  injury  to  or  destruction of property of one or more persons resulting
  from any one accident of not less than  the  minimum  dollar  amount  of
  liability  insurance  coverage required by vehicle and traffic law to be
  maintained by owners of vehicles engaged in the business of carrying  or
  transporting passengers for hire.
    b.  The  licensee  shall  notify the commissioner of any modification,
  amendment, cancellation or substitution of any insurance policy required
  under subdivision a of this section within ten days  of  notice  to  the
  licensee of such modification, amendment, cancellation or substitution.