N.Y. Vehicle & Traffic Law § 344: Certificate furnished by non-resident

§ 344. Certificate furnished by non-resident. (a) The non-resident

owner of a foreign vehicle may give proof of financial responsibility by

filing with the commissioner a written certificate or certificates of an

insurance carrier authorized to transact business in the state, District

of Columbia, or territory or lands in continental United States under

the exclusive jurisdiction of the United States, or a province of Canada

in which the motor vehicle or motor vehicles described in such

certificate is registered, or if such non-resident does not own a motor

vehicle, then in the state, District of Columbia, or territory or lands

in continental United States under the exclusive jurisdiction of the

United States, or province of Canada in which the insured resides and

otherwise conforming to the provisions of this article, and the

commissioner shall accept the same upon condition that said insurance

carrier complies with the following provisions of this section.

(1) Said insurance carrier shall execute a power of attorney

authorizing the commissioner to accept service on its behalf of notice

or process in any action arising out of a motor vehicle accident in this

state.

(2) Said insurance carrier shall duly adopt a resolution which shall

be binding upon it, declaring that its policies shall be deemed to be

varied to comply with the law of this state relating to the terms of

motor vehicle liability policies issued herein.

(3) Said insurance carrier shall also agree to accept as final and

binding any judgment of any court of competent jurisdiction in this

state duly rendered in any action arising out of a motor vehicle

accident.

(4) Said insurance carrier shall also agree to pay any assessment for

expenses of administration of this article levied against it as provided

in section three hundred sixty-three of this chapter.

(b) If any foreign insurance carrier which has qualified to furnish

proof of financial responsibility as hereinbefore required defaults in

any said undertakings or agreements, the commissioner shall not

thereafter accept any certificate of said carrier, whether theretofore

filed or thereafter tendered as proof of financial responsibility so

long as such default continues.