N.Y. Comp. Codes R. & Regs. tit. 17 § 750.1
Every person, firm, association or corporation operating motor vehicles under certificate of convenience and necessity or permit issued by the Commissioner of Transportation, or his predecessors, and every street railway corporation operating motor vehicles under authority granted by the Commissioner of Transportation, or his predecessors, shall procure and maintain and file with the Commissioner of Transportation surety bonds or certificate of insurance approved as to form by the commissioner in a solvent and responsible company authorized to do business in this State and approved by the Superintendent of Financial Services, or qualify as a self-insurer, covering each motor vehicle operated pursuant to such certificate, permit or authority, conditioned for the payment of all claims and judgments for damages or injuries caused in the operation, maintenance, use or the defective construction of such motor vehicle in at least the following amounts:
Passenger vehicles having a carrying capacity of 7 or less passengers: for personal injury or death to one person, $ 100,000; Personal injury or death to all persons in one accident, $ 300,000, with a maximum of $ 100,000 for each person;
Property damage, $50,000;
Passenger vehicles having a carrying capacity of more than 7 passengers: for personal injury or death to all persons in one accident, $1,500,000.
Property damage, $50,000.
N.Y. Comp. Codes R. & Regs. Tit. 17 § 750.1