Section 2. Title 35 of the Rules of the City of New York, Chapter 6, For- Hire Vehicle Rules, Section 6-11, For Hire Vehicle Licensing, subdivision (d) is hereby amended to read as follows:
Italics indicate new material. [ ] Brackets indicated deleted material.
A for-hire vehicle owner shall comply with the New York State Vehicle and Traffic Law and the New York State Insurance Law regarding coverage by bond or policy of liability insurance and all other forms of insurance required by law.
A for-hire vehicle owner, who has received notice that his liability insurance is to be terminated, shall surrender his for- hire vehicle permit and decal to the Commission on or before the termination date of the insurance, unless the owner of the vehicle submits proof of new insurance effective on the date of termination of the old policy before the termination of the policy.
Within seven (7) days, exclusive of holidays and weekends, a for-hire vehicle owner shall notify the Commission in writing of any change in insurance carrier or coverage, specifying the name and address of the insurance carrier, new and former, and the number of the policy for each affiliated vehicle and submit proof of such coverage.
(a) Notwithstanding any inconsistent provision of paragraph (d)(1) of this rule, each for-hire vehicle owner, other than the owner of a for-hire vehicle with a seating capacity of nine or more passengers, shall, for each vehicle owned, maintain for purposes of insurance or other financial
For Hire Vehicle Owner Licensing.