Changes to Existing Law

32-35-70. An owner's policy of liability insurance referred to in § 32-35-68 shall must insure the person named therein and any other person as insured, using any insured vehicle or vehicles with the express or implied permission of the named insured, against loss from the liability imposed by law for damages arising out of the ownership, maintenance, or use of the vehicle or vehicles within the United States of America or the Dominion of Canada, subject to limits exclusive of interests and costs, with respect to each insured vehicle, as follows: twenty-five fifty thousand dollars because of bodily injury to or death of one person in any one accident and, subject to the limit for one person, fifty one hundred thousand dollars because of bodily injury to or death of two or more persons in any one accident, and twenty-five fifty thousand dollars because of injury to or destruction of property of others in any one accident. If the policy complies with the filing and form requirements of Title title 58 and has been approved by the Division of Insurance, the driver and owner has have complied with this chapter. The policy may exclude liability coverage if the policyholder certifies in writing that the vehicle will not be operated during the policy period. The policy may exclude or limit coverage pursuant to § 58-11-9.3, or for a relative residing in the named insured's household. Policies issued after January 1, 1987, and owners who have purchased such the policies are in compliance with this chapter. Date of compliance does not affect any pending litigation. 24