§ 5913. Financial responsibility. Except as provided in sections three
hundred eleven and three hundred seventy of the vehicle and traffic law,
wherever pursuant to the laws of this state or any political subdivision
of this state a demonstration of financial responsibility is required as
a condition for obtaining a license or permit to undertake specified
activities, if any such requirement may not be satisfied by obtaining
insurance coverage from an insurer not authorized to do business in this
state, such requirement may not be satisfied by purchasing insurance
from a risk retention group not chartered in this state. Every insurance
policy issued by a risk retention group not chartered in this state
pursuant to sections three hundred eleven and three hundred seventy of
the vehicle and traffic law shall contain the notice set forth in
section five thousand nine hundred five of this article.