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  1. The extent of the insurance coverage shall be limited as follows:
    1. For any bodily injury and property damage to one person in any single occurrence, the sum of one hundred fifty thousand dollars;
    2. 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.