N.Y. Insurance Law § 317: Compliance with reporting requirements of the financial security act

§ 317. Compliance with reporting requirements of the financial

security act. Insurers licensed to write personal injury liability

insurance in connection with the ownership, maintenance or use of motor

vehicles, as authorized pursuant to paragraph thirteen of subsection (a)

of section one thousand one hundred thirteen of this chapter, shall

fully comply with the reporting requirements of article six of the

vehicle and traffic law. In the event that an insurer fails to timely

and properly report any of the information required by such article or

the regulations of the commissioner of motor vehicles promulgated

thereunder, the superintendent, upon notice and an opportunity to be

heard, is authorized to impose a fine on such insurer in an amount not

to exceed five hundred dollars for each failure to timely and properly

report. In the event of a persistent and willful violation of the

reporting requirements, the superintendent, upon notice and an

opportunity to be heard, is authorized to impose a fine on such insurer,

in an amount not to exceed five thousand dollars per day for each day

such violation continues.