§ 349.240. Insurance.

Each applicant for a Class A, B, C, D or E license under this chapter shall file with the licensing official a public liability policy or certificate of insurance from a company authorized to do business in Minnesota insuring the applicant against any and all liability incurred in the use or operation of the vehicle licensed under this chapter, including the providing of any motor vehicle service defined in section 349.10. The policy of insurance shall be in the limits of not less than:

(a)

For a Class A or B license, one hundred thousand dollars ($100,000.00) for injury or death to one (1) person, three hundred thousand dollars ($300,000.00) for injury or death from each occurrence and twenty-five thousand dollars ($25,000.00) for property damage;

(b)

For a Class C or D license, twenty-five thousand dollars ($25,000.00) for injury or death to one (1) person, fifty thousand dollars ($50,000.00) for injury or death from each occurrence, and ten thousand dollars ($10,000.00) for property damage or fifty thousand dollars ($50,000.00) personal injury and ten thousand dollars ($10,000.00) property damage combined single limit;

(c)

For a Class E license, the policy of insurance shall be in the limits of not less than those specified in the City of Minneapolis contract awarded to the licensee. (78-Or-018, § 2, 2-10-78; 79-Or-166, § 1, 8-9-79; 82-Or-246, § 8, 12-10-82; 85-Or-128, § 1, 6-28-85; 87-Or-105, 6-12-87; 2013-Or-216, § 9, 12-6-13)