A. Within 10 days from the issuance of a permit by the Authority, a permittee shall furnish and maintain with the Chief of Police or the Chief's designee continuing evidence that the permittee has public liability and property damage insurance, as described in this regulation, with an insurance company or companies licensed to do business in the State.
B. The insurance carried by a permittee shall protect the permittee, the Authority, and the State from claims for damages for bodily injury, including death, and for damages to property caused by an act or omission by a permittee or any of the permittee's employees, agents, or representatives in connection with the performance of services under these regulations. The insurance policy shall require that the insurer notify the Chief of Police in writing at least 30 days prior to the effective date of any expiration or cancellation of the policy. A certificate of insurance shall be provided to the Chief of Police or the Chief's designee within 10 days of issuance of the permit.
C. The insurance carried by a permittee shall be in the following amounts:
(1) A minimum of $1,000,000 for injuries, including death, to any one person;
(2) A minimum of $1,000,000 for any injuries, including death, resulting from any single incident; and
(3) A minimum of $1,000,000 for damages to, or destruction of, property as a result of any single incident.