§ 162-1537. Insurance.

Certificates of insurance issued by an insurer licensed to do business in the state and attesting to carriage with coverage in the amounts hereinbelow listed shall be submitted with the application.

(1)

Liability coverage in an amount of not less than $300,000.00 personal injury coverage for one person, $500,000.00 personal injury coverage for one accident or incident, or a combined single limits coverage in a single policy of $300,000.00 and $50,000.00 property damage coverage.

(2)

Garage keeper's legal liability insurance, insuring the perils of fire and collision in an amount of $25,000.00 and showing the types, amounts and classes of operation covered.

(3)

On-hook coverage in an amount of not less than $25,000.00.

(4)

An umbrella policy with coverage in an amount not less than $1,000,000.00 extending to coverages required herein. All certificates shall contain the initial and the expiration dates of carriage and coverage and the following statement:

The insurance covered by this certificate shall not be canceled or materially altered except after ten days' prior written notice of such cancellation or alteration has been given to the department of police.

(Code 1956, § 12-296(e))