Each applicant for a license under this chapter shall file with the department of
safety and inspections a public liability policy or certificate of insurance from
a company authorized to do business in the state insuring the applicant against any
and all liability incurred in the use or operations of the vehicle licensed under
this chapter including the providing of wrecker or tow truck motor vehicle service
defined in section 361.01. The policy of insurance shall be in the limits of not less than one hundred thousand
dollars ($100,000.00) for injury or death to one (1) person, three hundred thousand
dollars ($300,000.00) for each occurrence, and one hundred thousand dollars ($100,000.00)
property damage.
