Insurance Law 5913 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 5912 Binding effect of orders issued in United States district court up ARTICLE 59 Risk Retention Groups and Purchasing Groups Viewing most recent revision (from 2024-03-08) View historical revision as of: -- Choose a Date -- 2024-03-08 2024-02-02 2023-09-22 2014-09-22 Share Facebook Email SECTION 5913 Financial responsibility Insurance (ISC) CHAPTER 28, ARTICLE 59 § 5913. Financial responsibility. Except as provided in sections three hundred eleven and three hundred seventy of the vehicle and traffic law, wherever pursuant to the laws of this state or any political subdivision of this state a demonstration of financial responsibility is required as a condition for obtaining a license or permit to undertake specified activities, if any such requirement may not be satisfied by obtaining insurance coverage from an insurer not authorized to do business in this state, such requirement may not be satisfied by purchasing insurance from a risk retention group not chartered in this state. Every insurance policy issued by a risk retention group not chartered in this state pursuant to sections three hundred eleven and three hundred seventy of the vehicle and traffic law shall contain the notice set forth in section five thousand nine hundred five of this article.