§47-7-204.

§47-7-204.
   
   (a) No policy or bond shall be effective under Section 7-203 of this
   title unless issued by an insurance company or surety company
   authorized to do business in this state, except as provided in
   subdivision (b) of this section, nor unless such policy or bond is
   subject, if the accident has resulted in bodily injury or death, to a
   limit, exclusive of interest and costs, of not less than Ten Thousand
   Dollars ($10,000.00) because of bodily injury to or death of one
   person in any one accident and, subject to said limit for one person,
   to a limit of not less than Twenty Thousand Dollars ($20,000.00)
   because of bodily injury to or death of two or more persons in any one
   accident, and if the accident has resulted in injury to or destruction
   of property to a limit of not less than Ten Thousand Dollars
   ($10,000.00) because of injury to or destruction of property of others
   in any one accident.
   
   (b) No policy or bond shall be effective under Section 7-203 of this
   title with respect to any vehicle which was not registered in this
   state or was a vehicle which was registered elsewhere than in this
   state at the effective date of the policy or bond or the most recent
   renewal thereof, unless the insurance company or surety company
   issuing such policy or bond is authorized to do business in this
   state, or if said company is not authorized to do business in this
   state, unless it shall execute a power of attorney authorizing the
   Commissioner to accept service on its behalf of notice or process in
   any action upon such policy or bond arising out of such accident.
   
   (c) The Department may rely upon the accuracy of the information in a
   required report of an accident as to the existence of insurance or a
   bond unless and until the Department has reason to believe that the
   information is erroneous.