New York Laws
Article 7 - Motor Vehicle Safety Responsibility Act
341 - Amount of Proof Required.

§ 341. Amount of proof required. Proof of financial responsibility
shall mean proof of ability to respond in damages for liability
thereafter incurred, arising out of the ownership, maintenance or use of
a motor vehicle, in the amount of twenty-five thousand dollars because
of bodily injury to or fifty thousand dollars because of death of any
one person, and subject to said limit respecting one person, in the
amount of fifty thousand dollars because of bodily injury to or one
hundred thousand dollars because of death of two or more persons in any
one accident, and in the amount of ten thousand dollars because of
injury to or destruction of property in any one accident. Such proof in
such amounts shall be furnished for each motor vehicle registered by
such person.

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