Section 2-1-3-10-01-105.02 Proof of financial responsibility shall consist of one of the following:
1. Delivery to the Department of a corporate surety bond in favor of any person or persons who may suffer damage by reason of the operation of an aerial application service, issued by a corporate surety company authorized to do business in this state, which surety bond shall be in the amount not less than $300,000 or;2. Delivery to the Department proof of an aircraft liability insurance policy issued by an insurance company authorized to do business in this state, insuring the licensee against liability for bodily injury or property damage resulting from the aerial application of agricultural substances, such insurance policy shall be in the minimum amount of $100,000 for bodily injury for any one person, $300,000 for bodily injury for any one occurrence and $100,000 for property damage for any one occurrence for each aircraft registered with the Department. Beginning January 1, 2010 all applicators must have in force an annual property damage aggregate limit of not less than $500,000 on all liability insurance polices.
2 Miss. Code. R. 1-3-10-01-105.02
Miss. Code Ann. § 69-21-109 (Rev. 2009).