16.—(1) For the purpose of section 58A(1) of the Act, $200,000 per claim is the minimum amount of insurance prescribed in relation to each individual mentioned in section 58A(1)(a) or (b) of the Act.
(2) An “approved policy” as defined in section 58A(4) of the Act is a policy of insurance that insures the person in sub-paragraph (a), or persons in sub-paragraphs (a) and (b), as follows:
(a)
any individual (called the insured individual) mentioned in section 58A(1)(a) or (b) of the Act who drives or rides a bicycle, personal mobility device, power-assisted bicycle, motorised wheelchair or mobility scooter on any public path, against the risk of liability for death or personal injury caused by an accident that involves the individual driving or riding a bicycle, personal mobility device, power-assisted bicycle, motorised wheelchair or mobility scooter (as the case may be) on any public path;
(b)
anyone else who is vicariously liable for an insured individual driving or riding a bicycle, personal mobility device, power-assisted bicycle, motorised wheelchair or mobility scooter on any public path for death or personal injury caused by an accident that involves the individual driving or riding a bicycle, personal mobility device, power-assisted bicycle, motorised wheelchair or mobility scooter (as the case may be) on any public path.
(3) An “approved policy” as defined in section 58A(4) of the Act must not contain any limit on the insurance coverage as follows:
(a)
in respect of an accident involving an insured individual who is lawfully carrying goods at the time of the accident;
(b)
in respect of an accident involving a bicycle, personal mobility device, power-assisted bicycle, motorised wheelchair or mobility scooter only because it is —
(i)
not owned by the insured individual; or
(ii)
not registered in the name of the insured individual but is otherwise lawfully registered as required by law;
(c)
that requires an insured individual to bear more than $500 per claim for death or personal injury caused by an accident that involves the insured individual driving or riding a bicycle, personal mobility device, power-assisted bicycle, motorised wheelchair or mobility scooter (as the case may be) on any public path.