(A) Before the issuance or renewal of a license tag for any moped, the owner of the moped shall procure and show to the town’s Police Department a liability insurance policy, together with a receipt showing the payment of the premium therefor issued by a good and responsible insurance company, such company being one authorized to do business in South Carolina and in possession of a certificate issued by the Insurance Commissioner of the state.
(B) The amount of such liability insurance for each moped shall be as follows:
(1) An amount not less than $15,000 because of bodily injury or death of one person in any one accident;
(2) Subject to such limit for one person, in the amount of $30,000 because of bodily injury or death of two or more persons in any one accident; and
(3) The amount of $5,000 because of injury to or destruction of property of others in any one accident and amount not less than $1,000 in “first part” medical and economic loss coverage.
(Prior Code, § 11-26) (Ord. passed 3-19-1979)