Final answer:
A Class I Dealer permit applicant must furnish liability insurance. This insurance protects against damages from accidents involving vehicles associated with the dealership. liability
Step-by-step explanation:
An applicant for a Class I Dealer permit must furnish liability insurance. The specific amount and type of insurance required can vary based on jurisdiction, but typically a Class I Dealer, which is a dealership authorized to deal in new and/or used motor vehicles, must provide proof of liability insurance that covers bodily injury and property damage. This requirement is in place to protect customers and the public in the event of accidents involving vehicles that are owned or operated by the dealership.