N.Y. Insurance Law § 5913: Financial responsibility

§ 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.