(a) You do not have to have liability insurance that meets the requirements of §744.203 of this division (relating to What are the liability insurance requirements?) if you cannot carry insurance because:(1) Of financial reasons;(2) You are unable to locate an underwriter who is willing to issue a policy to the operation; or(3) You have already exhausted the limits of a policy that met the requirements.(b) If you cannot carry liability insurance or stop carrying the insurance because of a reason listed in subsection (a) of this section, you must send written notification to Licensing by the anniversary date of the issuance of your permit. Your notification must include the reason that you cannot carry the insurance.