(1) twenty-five thousand dollars on account of injury to one person in
any one accident, and
(2) fifty thousand dollars on account of death to one person in any
one accident, and
(3) fifty thousand dollars on account of injury to more than one
person in any one accident subject to the limit of twenty-five thousand
dollars for any one person, and
(4) one hundred thousand dollars on account of death to more than one
person in any one accident subject to the limit of fifty thousand
dollars for any one person.
(b) The above applicable limit of liability shall be reduced by the
amount of:
(1) any collectible liability insurance and available assets or
contribution of the financially irresponsible motorist; and
(2) any payment received by the qualified person from or on behalf of
any person jointly or severally liable with the financially
irresponsible motorist.
(c) Any such judgment shall be regarded as excess to any other
collectible liability insurance afforded to any financially
irresponsible motorist.
Structure New York Laws
Article 52 - Motor Vehicle Accident Indemnification Corporation
5203 - Motor Vehicle Accident Indemnification Corporation.
5205 - Liability of Directors and Members.
5207 - Assessments Against Members.
5209 - Investigation and Defense of Claims.
5210 - Application for Payment of Judgment.
5211 - Hearing on Application for Payment of Judgment.
5212 - Order for Payment of Judgment.
5213 - Settlement of Claims or Actions.
5214 - Default and Consent Judgments.
5216 - Assignments of Judgments to Corporation.
5217 - "Hit and Run" Causes of Action.
5218 - Procedure for "Hit and Run" Cases.
5219 - Disclaimer or Denial of Coverage Cases.
5220 - Notice of Judgment to Commissioner.
5221 - "No-Fault" Benefits to Qualified Persons.
5222 - Examination of Corporation.