(1) The extent of the insurance coverage shall be limited as follows:
(a) For any bodily injury and property damage to one person in any single occurrence, the sum of one hundred fifty thousand dollars;
(b) For any bodily injury and property damage to two or more persons in any single occurrence, the sum of four hundred thousand dollars; except that, in such instance, no person may recover in excess of one hundred fifty thousand dollars.
Source: L. 62: p. 178, � 4. C.R.S. 1963: � 72-16-4. L. 71: p. 1213, � 6. L. 72: p. 600, � 92. L. 81: (1) amended, p. 1152, � 2, effective April 30.