“Insurance policy,” as used in this article, means a commercial general liability policy of insurance issued by an insurance company authorized to transact business in this state that provides minimum limits of insurance of one million dollars ($1,000,000) for any one loss or occurrence due to bodily injury, including death, or property damage, or both.

(Amended by Stats. 2014, Ch. 423, Sec. 4. (AB 2220) Effective January 1, 2015.)