(a) An owner‘s policy of motor vehicle liability insurance shall insure the named insured and any other person using any motor vehicle registered to the named insured with the express or implied permission of the named insured, against loss from the liability imposed by law for damages arising out of ownership, maintenance, or use of the motor vehicle within the continental limits of the United States to the extent and aggregate amount, exclusive of interest and costs, with respect to each motor vehicle, of fifteen thousand dollars ($15,000) for bodily injury to or death of each person as a result of any one accident, and, subject to the limit as to one person, the amount of thirty thousand dollars ($30,000) for bodily injury to or death of all persons as a result of any one accident and the amount of five thousand dollars ($5,000) for damage to property of others as a result of any one accident.

(b) This section shall remain in effect only until January 1, 2025, and as of that date is repealed.

(Amended by Stats. 2022, Ch. 717, Sec. 8. (SB 1107) Effective January 1, 2023. Repealed as of January 1, 2025, by its own provisions. See later operative version, as amended by Sec. 20 of Stats. 2023, Ch. 204.)