A grantee shall maintain in full force and effect at its sole expense, a comprehensive general liability insurance policy, including contractual liability coverage, in protection of grantor in its capacity as such. The policies of insurance shall be in the sum of not less than $300,000 for personal injury or death of any one person, and $1,000,000 for personal injury or death of two or more persons in any one occurrence, $300,000 for property damage to any one person and $1,000,000 for property damage resulting from any one act or occurrence.
(Prior Code, § 10.0602) Penalty, see § 10.99