§ 344 — Certificate furnished by non-resident

New York § 344

• Jurisdiction: New York
• Law VAT: Vehicle & Traffic
• Title 3: Safety Responsibility; Financial Security; Equipment; Inspection; Size and Weight; and Other Provisions
• Art. 7: Motor Vehicle Safety Responsibility Act

Text

§ 344. Certificate furnished by non-resident. (a) The non-resident\nowner of a foreign vehicle may give proof of financial responsibility by\nfiling with the commissioner a written certificate or certificates of an\ninsurance carrier authorized to transact business in the state, District\nof Columbia, or territory or lands in continental United States under\nthe exclusive jurisdiction of the United States, or a province of Canada\nin which the motor vehicle or motor vehicles described in such\ncertificate is registered, or if such non-resident does not own a motor\nvehicle, then in the state, District of Columbia, or territory or lands\nin continental United States under the exclusive jurisdiction of the\nUnited States, or province of Canada in which the insured resides and\notherwise conforming to the provisions of this article, and the\ncommissioner shall accept the same upon condition that said insurance\ncarrier complies with the following provisions of this section.\n (1) Said insurance carrier shall execute a power of attorney\nauthorizing the commissioner to accept service on its behalf of notice\nor process in any action arising out of a motor vehicle accident in this\nstate.\n (2) Said insurance carrier shall duly adopt a resolution which shall\nbe binding upon it, declaring that its policies shall be deemed to be\nvaried to comply with the law of this state relating to the terms of\nmotor vehicle liability policies issued herein.\n (3) Said insurance carrier shall also agree to accept as final and\nbinding any judgment of any court of competent jurisdiction in this\nstate duly rendered in any action arising out of a motor vehicle\naccident.\n (4) Said insurance carrier shall also agree to pay any assessment for\nexpenses of administration of this article levied against it as provided\nin section three hundred sixty-three of this chapter.\n (b) If any foreign insurance carrier which has qualified to furnish\nproof of financial responsibility as hereinbefore required defaults in\nany said undertakings or agreements, the commissioner shall not\nthereafter accept any certificate of said carrier, whether theretofore\nfiled or thereafter tendered as proof of financial responsibility so\nlong as such default continues.\n