2020 New York Laws
VAT - Vehicle and Traffic
Title 3 - Safety Responsibility; Financial Security; Equipment; Inspection; Size and Weight; and Other Provisions
Article 6 - Motor Vehicle Financial Security Act
312 - Registration of Motor Vehicles.

Universal Citation: NY Veh & Traf L § 312 (2020)
§ 312. Registration  of  motor vehicles. 1. (a) No motor vehicle shall
be registered in this state unless the application for such registration
is accompanied by proof of financial security which shall  be  evidenced
by  proof  of  insurance  or  evidence  of  a financial security bond, a
financial security deposit or  qualification  as  a  self-insurer  under
section  three hundred sixteen; provided that, if directed by regulation
of  the  commissioner,  upon  renewal  of  registration  an  application
accompanied  by  a  certificate of registration or renewal stub in force
immediately preceding the date of application for renewal, together with
a statement in a form prescribed by  the  commissioner  certifying  that
there  is  in  effect  proof  of  financial  security,  shall  meet  the
requirements of this section. Upon the issuance or renewal of a  private
passenger  automobile  insurance  policy  subject  to  the provisions of
section one hundred sixty-seven-aa of the insurance law,  the  insurance
company  shall  provide  the  insured  with  an  informational statement
outlining the legal and  financial  consequences  of  convictions  under
section  one thousand one hundred ninety-two of this chapter, pertaining
to operating a motor vehicle while under the  influence  of  alcohol  or
drugs.  Such  information  shall be supplied to the company by the state
department of financial services in consultation with the commissioner.

(b) The owner of such motor vehicle shall maintain proof of financial security continuously throughout the registration period and his failure to produce proof of financial security when requested to do so upon demand of a magistrate, motor vehicle inspector, peace officer, acting pursuant to his special duties, or police officer, while such vehicle is being operated upon the public highway, shall be presumptive evidence of operating a motor vehicle without proof of financial security. Upon the production of proof of financial security such presumption is removed. Production of proof of financial security may be made by mailing such proof to the court having jurisdiction in the matter, and any necessary response by such court or acknowledgement of the production of such proof may also be made by mail. When insurance with respect to any motor vehicle, other than a motorcycle, is terminated the owner shall surrender forthwith his registration certificate and number plates of the vehicle to the commissioner unless proof of financial security otherwise is maintained in compliance with this article. 2. No financial security bond shall be accepted by the commissioner unless it is conditioned for payments in amount and under the same terms and conditions as are required for an owner's policy of liability insurance. 3. No financial security deposit shall be accepted by the commissioner except in accordance with the provisions of section three hundred fourteen. 4. The commissioner is hereby authorized to promulgate reasonable regulations to provide effective administration and enforcement of the provisions of this article in accordance with the purposes thereof. 5. Notwithstanding any inconsistent provisions of this article, the commissioner may by regulation, in lieu of the provisions of subdivision one requiring the submission of a certificate of insurance or evidence of a financial security bond, require that an insurance identification card be presented each time a vehicle is registered or a registration is renewed in this state.

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