N.Y. Labor Law § 870-f: Liability insurance

§ 870-f. Liability insurance. Before the commissioner may issue a

permit to the owner or lessee of an amusement device, viewing stand or

tent, the owner or lessee of such device, viewing stand or tent shall

furnish the commissioner with proof that he has purchased insurance or

posted cash or other security in an amount not less than one million

dollars per occurrence or a bond in an amount not less than two million

five hundred thousand dollars in the aggregate against liability for

injury to persons arising out of the use of the amusement device,

viewing stand or tent. In the event such liability insurance is

cancelled, the insurer shall give thirty days' prior notice of such

cancellation to the commissioner.