A person may not operate an amusement device or amusement attraction unless at the time of operation there is in existence:
(1) An insurance policy in an amount of not less than one million dollars ($1,000,000) per occurrence insuring the owner or lessee against liability for injury to persons arising out of the use of the amusement device or amusement attraction; or
(2) A bond in a like amount; however, the aggregate liability of the surety under such bond shall not exceed the face amount thereof.
The policy or bond shall be procured from one or more insurers or sureties licensed to transact business in this state or approved as surplus lines insurers. Proof of insurance or bond must be presented to the department in order to obtain a permit.
History of Section.
P.L. 1997, ch. 79, § 2.