Section 341. Amount of proof required

Proof of financial responsibility
  shall mean  proof  of  ability  to  respond  in  damages  for  liability
  thereafter incurred, arising out of the ownership, maintenance or use of
  a  motor  vehicle, in the amount of twenty-five thousand dollars because
  of bodily injury to or fifty thousand dollars because of  death  of  any
  one  person,  and  subject  to  said limit respecting one person, in the
  amount of fifty thousand dollars because of  bodily  injury  to  or  one
  hundred  thousand dollars because of death of two or more persons in any
  one accident, and in the amount  of  ten  thousand  dollars  because  of
  injury  to or destruction of property in any one accident. Such proof in
  such amounts shall be furnished for each  motor  vehicle  registered  by
  such person.