5203 - Motor vehicle accident indemnification corporation. - New York Statutes

§ 5203. Motor vehicle accident indemnification corporation. (a) The non-profit corporation known as the "motor vehicle accident indemnification corporation" shall be continued. (b) Every insurer authorized to write motor vehicle liability insurance in this state, as a condition of its authorization, shall be and remain a member of the corporation. (c) The corporation shall be obligated to provide the protection required by this article to a qualified person on account of a motor vehicle accident caused by owners or operators of motor vehicles occurring within the state.