Ten days before any racing meet may be held under this chapter, the person licensed to conduct the racing meet shall deposit with the Commission a policy of insurance against personal injury liability which may be sustained at the meet. The insurance shall be in an amount approved by the Commission with premium prepaid.

38 Del. Laws, c. 62, § ?7; Code 1935, § ?5502; 41 Del. Laws, c. 219, § ?1; 28 Del. C. 1953, § ?343; 68 Del. Laws, c. 84, § ?173(a);