(1) A possessor of a large carnivore shall maintain liability insurance coverage of not less than one hundred thousand dollars ($100,000) for each occurrence for liability damages for destruction of or damage to property and for death or bodily injury to a person caused by the large carnivore.
(2) The possessor of a large carnivore shall provide a copy of the policy for liability insurance to the county sheriff's department on an annual basis to obtain or renew a permit.
(3) The possessor of a large carnivore shall post and display a sign at each possible entrance onto the premises where a large carnivore is kept.
(4) The sign shall be clearly legible and easily readable by the public.
(5) The sign shall warn that there is a large carnivore on the premises.