Insurance and safety

1. The licensee shall file with the director evidence of liability insurance obtained from a company authorized to do business in the state of North Dakota. Proof of insurance is required for each vehicle used for driver training in the amount of: a. At least one hundred thousand dollars because of bodily injury to or death of any one person in any one accident. b. At least three hundred thousand dollars because of bodily injury to or death of two or more persons in any one accident. c. At least twenty-five thousand dollars because of damage to or destruction of property of others in any one accident. d. At least thirty thousand dollars for medical expenses regardless of liability. 2. The licensee shall furnish evidence of such coverage to the director stipulating that such insurance will not be canceled or terminated except upon ten days' prior written notice to the director. 3. If the insurance is canceled or terminated, the school license certificate terminates automatically. All vehicles used in the operation of the school may not thereafter be used for driver training school purposes until such school obtains adequate insurance coverage and said license is reenacted. School certificates terminated under the provision of this section must be surrendered to the director within a period of ten days.