N.Y. Vehicle & Traffic Law Section 333
Payments sufficient to satisfy requirements of this article


Every judgment herein referred to shall for the purpose of this article only be deemed satisfied:

(a)

When twenty-five thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or when fifty thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of death of one person as the result of any one accident; or

(b)

When subject to such limit of twenty-five thousand dollars because of bodily injury to or fifty thousand dollars because of death of one person, the sum of fifty thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or when one hundred thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of death of two or more persons as the result of any one accident; or

(c)

When ten thousand dollars has been credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one accident. Payments made in settlement of any claims because of bodily injury, death or property damage arising from a motor vehicle accident shall be credited in reduction of the amounts provided for in this section.

Source: Section 333 — Payments sufficient to satisfy requirements of this article, https://www.­nysenate.­gov/legislation/laws/VAT/333 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

330
Commissioner to administer article
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
337
Suspension, duration
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
343
Proof of financial responsibility by certificate showing motor vehicle liability policy obtained
344
Certificate furnished by non-resident
345
Motor vehicle liability policy
346
Proof of financial responsibility not required after February first, nineteen hundred fifty-seven
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
359
Definitions
360
Exceptions
361
Self-insurers
362
Article not to repeal other motor vehicle laws
363
Expenses of administering article
364
Uniformity of interpretation
365
Short title
366
Past application of article
367
This article does not prevent other process
368
Constitutionality

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 333’s source at nysenate​.gov

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