265.7(2)Every commercial vehicle required to be registered under this Act, that is used in the transportation of dangerous goods as defined in the
Transportation of Dangerous Goods Act, chapter 36 of the Statutes of Canada, 1980-81-82-83, or as listed in the regulations under that Act, shall be covered by a policy of insurance that insures, in respect of any one accident, to the limit of at least two million dollars, exclusive of interest and costs, against loss or damage resulting from bodily injury to or the death of one or more persons and loss of or damage to property.