N.Y. Insurance Law Section 317
Compliance with reporting requirements of the financial security act

Insurers licensed to write personal injury liability insurance in connection with the ownership, maintenance or use of motor vehicles, as authorized pursuant to paragraph thirteen of subsection (a) of § 1113 (Kinds of insurance authorized)section one thousand one hundred thirteen of this chapter, shall fully comply with the reporting requirements of article six of the vehicle and traffic law. In the event that an insurer fails to timely and properly report any of the information required by such article or the regulations of the commissioner of motor vehicles promulgated thereunder, the superintendent, upon notice and an opportunity to be heard, is authorized to impose a fine on such insurer in an amount not to exceed five hundred dollars for each failure to timely and properly report. In the event of a persistent and willful violation of the reporting requirements, the superintendent, upon notice and an opportunity to be heard, is authorized to impose a fine on such insurer, in an amount not to exceed five thousand dollars per day for each day such violation continues.

Source: Section 317 — Compliance with reporting requirements of the financial security act, https://www.­nysenate.­gov/legislation/laws/ISC/317 (updated Sep. 22, 2014; accessed Feb. 15, 2025).

301
Regulations by superintendent 302
Supervisory colleges 306
Immunity from prosecution 307
Annual statements 308
Special reports 309
Examinations of insurers 310
Examinations 311
Filing of report on examination 312
Report on examination to be forwarded 314
Public retirement and pension systems 315
Professional malpractice or misconduct 316
Electronic filings 317
Compliance with reporting requirements of the financial security act 318
Reports of fire losses 319
Release of information resulting from insurers’ investigation of fires 320
Records to be made available by organizations subject to the provisions of this chapter 321
Medical information exchange centers 322
Prohibited referral payment to licensees by motor vehicle repairers 325
Records of domestic insurers 329
Certificates as evidence 330
Rating services available to other states 331
Superintendent to maintain index of tax districts 333
Assessments to defray expenses of Committee on Valuation of Securities of the National Association of Insurance Commissioners 335
Implementation of hospital reimbursement methodology 336
War risk exclusion 337
Annual consumer guide on automobile insurance 339
Colorectal cancer screening notification 340
Report of claims that may result in a monetary award 341
Notification regarding qualified health insurance plans 342
Public awareness to finance long term care 343
Mental health and substance use disorder parity report 344
Mental health and substance use disorder parity compliance programs 345
Health care claims reports
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Accessed:
Feb. 15, 2025

Last modified:
Sep. 22, 2014

§ 317’s source at nysenate​.gov

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