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
361 - Self-insurers.

 
    § 361. Self-insurers.  (a) This article, except sections three hundred
  thirty-nine and three hundred fifty-nine, shall not apply to any  person
  having  registered in his name in this state more than twenty-five motor
  vehicles if such person shall obtain from the commissioner a certificate
  of self-insurance as provided for in subdivision (b) of this section.
    (b) The commissioner may, in his discretion, upon the  application  of
  such  a  person,  issue  a  certificate  of  self-insurance  when  he is
  reasonably satisfied that such person is possessed and will continue  to
  be   possessed   of  financial  ability  to  respond  to  judgments,  as
  hereinbefore described, obtained against such person, arising out of the
  ownership, maintenance, use or operation of any of such  person's  motor
  vehicles.
    (c)  Upon  due  notice  and  hearing,  the  commissioner,  may, in his
  discretion  and  upon  reasonable  grounds,  cancel  a  certificate   of
  self-insurance.