(a) Minimum coverage requirements.--A neighborhood electric vehicle that is registered or operated on a highway shall be covered by financial responsibility in the amount of $15,000 for injury to one person in any one accident, in the amount of $30,000 for injury to two or more persons in any one accident and in the amount of $5,000 for damage of property of others in any one accident. The financial responsibility shall be in a form acceptable to the department.
(b) Exemption from other coverages.--For a neighborhood electric vehicle, no person shall be required to purchase and no insurer shall be required to offer or make available any other coverages contained in this chapter.