(1) In addition to any other insurance requirements, each nonpublic sector bus must carry:

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   (a)() Proof of ability to respond in damages for liability on account of accidents arising out of the use of the nonpublic sector bus:

   (1.) In the amount of $100,000 because of bodily injury to, or death of, one person in any accident;

   (2.) Subject to such limits for one person, in the amount of $300,000 because of bodily injury to, or death of, two or more persons in any one accident; and

   (3.) In the amount of $50,000 because of injury to, or destruction of, property of others in any one accident; or

   (b)() A policy of insurance providing for bodily liability insurance and property damage liability in a sum of not less than $300,000.

   (2) School buses subject to the provisions of chapter 1006 or s. 316.615 are exempt from the provisions of this section.

   (3) A violation of this section is a noncriminal traffic infraction, punishable as a nonmoving violation as provided in chapter 318.

ss. 6, 7, 8, ch. 81-209; ss. 809(2nd), 810, ch. 82-243;