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New York Consolidated Laws

52

Motor Vehicle Accident Indemnification Corporation

5201Title and purpose 5202Definitions 5203Motor vehicle accident indemnification corporation 5204Board of directors 5205Liability of directors and members 5206Powers of corporation 5207Assessments against members 5208Notice of claim 5209Investigation and defense of claims 5210Application for payment of judgment 5211Hearing on application for payment of judgment 5212Order for payment of judgment 5213Settlement of claims or actions 5214Default and consent judgments 5215Collusive judgments 5216Assignments of judgments to corporation 5217"Hit and run" causes of action 5218Procedure for "hit and run" cases 5219Disclaimer or denial of coverage cases 5220Notice of judgment to commissioner 5221"No-fault" benefits to qualified persons 5222Examination of corporation 5224Penalty for false statements 5225Exemption from taxation