New York Statutes

§ 5201 — Title and purpose

New York § 5201
JurisdictionNew York
Law ISCInsurance
Art. 52Motor Vehicle Accident Indemnification Corporation

This text of New York § 5201 (Title and purpose) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.Y. Insurance § 5201 (2026).

Text

§ 5201. Title and purpose.

(a)This article may be cited as the "motor\nvehicle accident indemnification corporation act".\n (b) The legislature finds and declares that the motor vehicle\nfinancial security act in the vehicle and traffic law, which requires\nthe owner of a motor vehicle to furnish proof of financial security as a\ncondition to registration, fails to accomplish its full purpose of\nsecuring to innocent victims of motor vehicle accidents recompense for\nthe injury and financial loss inflicted upon them, in that the act makes\nno provision for the payment of loss on account of injury to or death of\npersons who, through no fault of their own, were involved in motor\nvehicle accidents caused by:\n (1) uninsured motor vehicles registered in a state other than New\nYork,\n

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Related

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New York § 5201, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/ISC/5201.