Sec. 3. APPLICATION. An application made under Section 1 of this Act must include:
(1) the name and address of each person who owns an interest of at least 10 percent in the applicant;
(2) an address in this state at which the excursion train is based;
(3) an operations plan including the route to be used and a schedule of operations and stops along the route; and
(4) evidence of insurance in an amount that meets the requirements of Section 1(b) of this Act.