Every service issued a certificate required under this division shall carry bodily
injury and property damage insurance or its equivalent, with solvent and responsible
insurers authorized to transact business in the state, or shall be qualified by the
state as a self-insurer, to secure payment for any loss or damage resulting from any
occurrence arising out of or caused by the operation or use of any of the service's
motor vehicles. Each vehicle shall be insured for the sum of at least $100,000.00
for injuries to or death of any one person arising out of any one accident, in the
sum of at least $300,000.00 for injuries to or death of more than one person in any
one accident and for the sum of at least $50,000.00 for damage to property arising
from any one accident. Each ALS or BLS service shall maintain medical malpractice
insurance in an amount not less than $100,000.00 for injury to one person in any one
incident. Every insurance policy or contract for such insurance shall provide for
the payment and satisfaction of any financial judgment entered against the service
or any person driving a vehicle of the service. Such insurance shall be obtained and
certificates or certified copies of such policies shall be filed with the board of
county commissioners. All such insurance policies shall provide for a 30-day cancellation
notice to the board.
