N.Y. Vehicle & Traffic Law § 316: Self-insurers

§ 316. Self-insurers. The commissioner, in his discretion, may upon

the application of a person having registered in his name in this state

more than twenty-five motor vehicles, issue a certificate of

self-insurance when he is reasonably satisfied that such person is

possessed and will continue to be possessed of financial ability to

respond to judgments obtained against such person, arising out of the

ownership, maintenance, use or operation of any such person's motor

vehicles. Upon due notice and hearing, the commissioner may, in his

discretion and upon reasonable grounds, cancel a certificate of

self-insurance.

As a condition to the issuance of a certificate of self-insurance, the

registrant shall pay annually in addition to any other fee prescribed by

this chapter, a fee of one dollar and fifty cents for each motor vehicle

registered in his name and the aggregate amount of such fees shall be

applied in reduction of the assessment levied pursuant to section three

hundred seventeen.

As a further condition to the issuance of a certificate of

self-insurance, the registrant shall pay annually in addition to any

other fee prescribed by this chapter, an amount per vehicle to be

determined by the Motor Vehicle Accident Indemnification Corporation

pursuant to section five thousand two hundred seven of the insurance law

for each motor vehicle registered in his name and the aggregate amount

of such fees shall be transmitted by the commissioner to the Motor

Vehicle Accident Indemnification Corporation continued pursuant to

section five thousand two hundred three of the insurance law to be

applied in reduction of assessments levied by said corporation pursuant

to section five thousand two hundred seven of the insurance law.

Notwithstanding the provisions of any other section, for the purposes

of this section, the term "motor vehicle" shall include "snowmobiles" as

defined by subdivision six of § 8-0105 of the conservation law.