(1) An owner-operator of an amusement ride shall carry liability insurance coverage in at least the following amounts:
(a) $1,000,000 for bodily injury per occurrence;
(b) $250,000 for property damage per occurrence; and
(c) $3,000,000 annual aggregate limit.
(2) An owner-operator of an amusement ride located in an amusement park that employs more than 1,000 individuals in a calendar year shall carry liability insurance coverage in at least the following amounts:
(a) $5,000,000 for bodily injury per occurrence;
(b) $1,000,000 for property damage per occurrence; and
(c) $10,000,000 annual aggregate limit.