§ 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 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.