§ 311. Definitions. As used in this article:\n 1. The term "superintendent" shall mean the superintendent of\nfinancial services of this state.\n 2. The term "motor vehicle" shall be defined as in section one hundred\ntwenty-five of this chapter, except that it shall also include trailers,\nsemi-trailers and tractors other than tractors used exclusively for\nagricultural purposes, and shall exclude fire and police vehicles, farm\nequipment, including self-propelled machines used exclusively in\ngrowing, harvesting or handling farm produce, tractors used exclusively\nfor agricultural purposes, or for snow plowing other than for hire, and\nself-propelled caterpillar or crawler-type equipment while being\noperated on the contract site.\n 3. The term "proof of financial security" shall mean proof of ability\nto respond in damages for liability arising out of the ownership,\nmaintenance or use of a motor vehicle as evidenced by an owner's policy\nof liability insurance, a financial security bond, a financial security\ndeposit, or qualifications as a self-insurer under section three hundred\nsixteen of this chapter or, in the case of a non-resident, under\nself-insurance provisions of the laws of the jurisdiction of such\nnon-resident. Notwithstanding any other provision of any law or\nregulation, any proof of financial security shall for any self-propelled\nmotor vehicle also provide coverage required by this article to any\nnon-commercial trailer hauled by any such motor vehicle, other than a\nmobile home. For the purposes of this article, a mobile home or\n"manufactured home" means a mobile home or manufactured home as defined\nin section one hundred twenty-two-c of this chapter.\n 4. The term "owner's policy of liability insurance" shall mean a\npolicy\n (a) Affording coverage as defined in the minimum provisions prescribed\nin a regulation which shall be promulgated by the superintendent at\nleast ninety days prior to effective date of this act. The\nsuperintendent before promulgating such regulations or any amendment\nthereof, shall consult with all insurers licensed to write automobile\nliability insurance in this state and shall not prescribe minimum\nprovisions which fail to reflect the provisions of automobile liability\ninsurance policies, other than motor vehicle liability policies as\ndefined in section three hundred forty-five of this chapter, issued\nwithin this state at the date of such regulation or amendment thereof.\nNothing contained in such regulation or in this article shall prohibit\nany insurer from affording coverage under an owner's policy of liability\ninsurance more liberal than that required by said minimum provisions.\nEvery such owner's policy of liability insurance shall provide insurance\nsubject to said regulation against loss from the liability imposed by\nlaw for damages, including damages for care and loss of services,\nbecause of bodily injury to or death of any person and injury to or\ndestruction of property arising out of the ownership, maintenance, use,\nor operation of a specific motor vehicle or motor vehicles within the\nstate of New York, or elsewhere in the United States in North America or\nthe Dominion of Canada, subject to a limit, exclusive of interest and\ncosts, with respect to each such motor vehicle except a tow truck, of\ntwenty-five thousand dollars because of bodily injuries to and fifty\nthousand dollars because of death of one person in any one accident and,\nsubject to said limit for one person, to a limit of fifty thousand\ndollars because of bodily injury to and one hundred thousand dollars\nbecause of death of two or more persons in any one accident, and to a\nlimit of ten thousand dollars because of injury to or destruction of\nproperty of others in any one accident provided, however, that such\npolicy need not be for a period coterminous with the registration period\nof the vehicle insured. The limit, exclusive of interest and costs, with\nrespect to a tow truck
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