New York § 89-III - 89-IIIInsurance
Full text of New York New York Consolidated Laws § 89-III — 89-IIIInsurance, with citation guidance and answers to common questions.
§ 89-III. 89-IIIInsurance
§ 89-iii. Insurance. 1. Every armored car carrier shall obtain a minimum of ten million dollars all risk insurance coverage and such additional amounts as are sufficient to cover the value of each valuable cargo consigned in transit or while safeguarded in such carrier's vaults. In addition, each such carrier shall obtain comprehensive general liability insurance coverage for death, personal injury and property damage in the minimum amount of five hundred thousand dollars per occurrence and one million dollars in the aggregate. 2. A written certificate or certificates of insurance shall be provided to the secretary by each armored car carrier as part of its application for a license pursuant to the provisions of section eighty-nine-ddd of this article, or for renewal of such license in accordance with the provisions of subdivision five of section eighty-nine-fff of this article. 3. Failure by an armored car carrier to keep such all risk insurance or comprehensive general liability insurance coverage in full force and effect, shall be a ground for the secretary to refuse to issue or renew a license, or to suspend or revoke such license, in accordance with the provisions of section eighty-nine-ggg of this article. 4. All such insurance required by this section shall be issued by an insurance company licensed to do business in the state or shall otherwise be procured by a duly licensed excess line broker pursuant to section two thousand one hundred eighteen of the insurance law.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 89-III
What does New York Consolidated Laws § 89-III cover?
Section 89-III ("89-IIIInsurance") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 89-III?
A common citation format is "New York Consolidated Laws § 89-III" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 89-III apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.