The amount of insurance or bond shall be a minimum of $50,000.00 for injury to, or death of any one person in any accident subject to a minimum limit per accident of $100,000.00 for injuries to or death of all persons in any one accident if the vehicle has a seating capacity of seven passengers or less, subject to a minimum limit per accident of $250,000.00 for injuries to or death of all persons in any one accident if the vehicle has a seating capacity from eight to 12 passengers inclusive, subject to a minimum limit per accident of $300,000.00 for injuries to or death of all persons in any one accident if the vehicle has a seating capacity from 13 to 20 passengers inclusive, subject to a minimum limit per accident of $350,000.00 for injuries to or death of all persons in any one accident if the vehicle has a seating capacity from 21 to 30 passengers inclusive, subject to a minimum limit per accident of $300,000.00 for injuries to or death of all persons in any one accident if the vehicle has a seating capacity exceeding 30 passengers, and $50,000.00 from damages to property in any accident. (Amended 1965, No. 109, § 1; 1981, No. 136 (Adj. Sess.), § 2, eff. Jan. 1, 1983.)