(a) In this section, “challenge course” means a challenge, ropes, team building, or obstacle course, which may include logs, tires, platforms, beams, bridges, poles, ropes, ladders, nets, climbing walls, rock climbing walls, climbing towers, traverses, rock climbing devices, cables, swings, or zip lines, that is constructed and used for educational, team and confidence building, or physical fitness purposes.
(b) A challenge course or any part of a challenge course is not considered an amusement ride subject to regulation under this chapter if the person who operates the challenge course has a combined single limit or split limit insurance policy currently in effect written by an insurance company authorized to do business in this state or by a surplus lines insurer, as defined by Chapter 981, Insurance Code, or has an independently procured policy subject to Chapter 101, Insurance Code, insuring the operator against liability for injury to persons arising out of the use of the challenge course in an amount of at least:
(1) for a challenge course with a fixed location:
(A) $100,000 bodily injury and $50,000 property damage per occurrence with a $300,000 annual aggregate; or
(B) a $150,000 per occurrence combined single limit with a $300,000 annual aggregate; and
(2) for a challenge course other than one with a fixed location:
(A) $1,000,000 bodily injury and $500,000 property damage per occurrence; or
(B) $1,500,000 per occurrence combined single limit.