N.Y. Vehicle & Traffic Law § 361: Self-insurers

§ 361. Self-insurers. (a) This article, except sections three hundred

thirty-nine and three hundred fifty-nine, shall not apply to any person

having registered in his name in this state more than twenty-five motor

vehicles if such person shall obtain from the commissioner a certificate

of self-insurance as provided for in subdivision (b) of this section.

(b) The commissioner may, in his discretion, upon the application of

such a person, 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, as

hereinbefore described, obtained against such person, arising out of the

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

vehicles.

(c) Upon due notice and hearing, the commissioner, may, in his

discretion and upon reasonable grounds, cancel a certificate of

self-insurance.