(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.
Structure New York Laws
Article 7 - Motor Vehicle Safety Responsibility Act
330 - Commissioner to Administer Article; May Require Proof; Court Review.
331 - Proof Required Upon Certain Convictions.
332 - Proof Required in the Event of Certain Judgments.
333 - Payments Sufficient to Satisfy Requirements of This Article.
334 - Suspension Waived Upon Payment of Judgment in Installments.
335 - Security and Proof Required Following Accident.
336 - Duty of Courts to Report Judgments.
338 - Application to Non-Resident, Other Persons.
339 - Owner May Give Proof for Chauffeur or Member of Family.
340 - Surrender of License and Evidences of Registration.
341 - Amount of Proof Required.
342 - Alternate Methods of Giving Proof.
344 - Certificate Furnished by Non-Resident.
345 - Motor Vehicle Liability Policy.
348 - Article Not to Affect Other Policies.
349 - Filing a Bond as Proof of Financial Responsibility.
350 - Money or Securities Deposited as Proof of Financial Responsibility.
351 - Person Having Given Proof May Substitute Other Proof.
352 - If Proof Fails Commissioner May Require Other Proof.
353 - When Commissioner May Release Proof.
354 - Commissioner to Furnish Operating Record.
355 - Operating Without Giving Proof When Proof Required.
356 - Forging or Without Authority Signing Proof of Financial Responsibility.
357 - Failing to Report Convictions and Judgments.
358 - Otherwise Violating Article.
362 - Article Not to Repeal Other Motor Vehicle Laws.
363 - Expenses of Administering Article.
364 - Uniformity of Interpretation.
366 - Past Application of Article.