Mich. Comp. Laws § 257.2121: Taxicab carrier; insurance coverage.

Sec. 21.

A taxicab carrier shall acquire all of the following insurance coverage for acts or omissions of the applicant as a taxicab carrier:

(a) Bodily injury and property damage liability insurance with a minimum combined single limit of $300,000.00 for all persons injured or for property damage.

(b) Personal protection insurance and property protection insurance as required by chapter 31 of the insurance code of 1956, 1956 PA 218, MCL 500.3101 to 500.3179.