2013 New York Consolidated Laws
VAT - Vehicle & Traffic
Title 3 - SAFETY RESPONSIBILITY; FINANCIAL SECURITY; EQUIPMENT; INSPECTION; SIZE AND WEIGHT; AND OTHER PROVISIONS
Article 7 - (330 - 368) MOTOR VEHICLE SAFETY RESPONSIBILITY ACT
353 - When commissioner may release proof.

 
    § 353. When  commissioner  may  release  proof. The commissioner shall
  upon request consent to the cancellation of any bond or insurance policy
  or return to the  person  entitled  thereto  any  money  or  securities,
  deposited pursuant to this article as proof of financial responsibility,
  or  waive the requirement of filing proof of financial responsibility in
  any of the following events:
    (1) In the event of the death of the person on whose behalf such proof
  was filed, or the permanent incapacity of such person to operate a motor
  vehicle; or
    (2) In  the  event  the  person  who  has  given  proof  of  financial
  responsibility   surrenders   his  operator's  or  chauffeur's  license,
  registration certificates and registration plates to  the  commissioner,
  but  the  commissioner  shall  not  release  such proof in the event any
  action for damages upon a liability referred to in this article is  then
  pending,  or  any  judgment upon any such liability then outstanding and
  unsatisfied, or in the event the commissioner has received  notice  that
  such  person has within the period of three months immediately preceding
  been involved as a driver in any motor vehicle accident.   An  affidavit
  of  the applicant of the non-existence of such facts shall be sufficient
  evidence thereof in the absence of  evidence  to  the  contrary  in  the
  records of the bureau.
    Whenever any person to whom proof has been surrendered, as provided in
  this  section,  applies  for an operator's or chauffeur's license or the
  registration of a motor vehicle, any such application shall  be  refused
  unless the applicant shall reestablish such proof.