(a) Certify to the Department that each driver will possess a valid license to drive a towing vehicle.
(b) Carry, in addition to any coverage the state requires, a minimum of $25,000 of insurance coverage for losses sustained by any consumer as a result of damage to a vehicle while that vehicle is in the custody and control of the licensee during towing, transport, and storage of the automobile by the licensee. The applicant must submit an insurance policy or other document showing compliance with this subsection to the Department. The additional insurance required by this subsection may be suspended, increased or decreased under Executive regulations on a showing of availability or nonavailability to licensees of particular types of insurance from the insurance industry or on presentation of facts showing that such insurance is insufficient or greater than necessary to ensure protection of consumers or the public. (1980 L.M.C., ch. 10, § 1; 1997 L.M.C., ch. 21, §1.)
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