§ 343. Proof of financial responsibility by certificate showing motor
vehicle liability policy obtained. (a) Proof of financial responsibility
may be made by filing with the commissioner the written certificate of
any insurance carrier duly authorized to do business in this state,
certifying that there is in effect a motor vehicle liability policy for
the benefit of the person required to furnish proof of financial
responsibility. Such certificate shall give the effective date of such
motor vehicle liability policy, which date shall be the same date as the
effective date of the certificate and shall designate by explicit
description or by appropriate reference all motor vehicles covered
thereby, unless the policy is issued to a person who is not the owner of
a motor vehicle.

(b) No motor vehicle shall be or continue to be registered in the name
of any person required to file proof of financial responsibility unless
such motor vehicle is so designated in such a certificate.

(c) When a person has been required to furnish proof of a financial
responsibility and there has been in effect a motor vehicle liability
policy for his benefit for a period of three years, during which period
such person or any vehicle registered in his name has not been involved
in any accident upon which a report is required pursuant to section six
hundred five hereof, such person may file in lieu thereof, the written
certificate of any insurance carrier duly authorized to do business in
this state, certifying that there is in effect a standard provisions
automobile liability policy in form approved by the superintendant of
financial services with a limit of liability no less than provided in
subdivision (a) of section three hundred thirty-five of this law.