(a) This section applies only to a Class B amusement ride that:
(1) is mechanically inflated using a continuous airflow device; and
(2) provides a surface for bouncing and jumping or creates an enclosed space for the purpose of amusement.
(b) A person may not operate an amusement ride described by Subsection (a) unless the person has a combined single limit insurance policy currently in effect written by an insurance company authorized to conduct 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 owner or operator against liability arising out of the use of the amusement ride in an amount of not less than $1 million per occurrence.