§ 6.30.040. Taxicab permit—Insurance requirements.

A.

No taxicab permit shall be granted or maintained unless a policy of insurance, covering each taxicab utilized in the taxicab business, is in full force and in effect at all times. The policy of insurance shall:

1.

Insure the holder of the permit against loss by reason of injury or damage that may result to any person or to property from the operation of that taxicab;

2.

Provide limits of at least two hundred fifty thousand dollars or any person injured or killed and subject to such limit for each person, a total liability of at least one million dollars for any one accident resulting in bodily injury or death to more than one person;

3.

Each such policy of insurance shall also provide insurance to the extent of at least fifty thousand dollars for damage to or destruction of any property of third persons.

4.

Each such policy shall provide that it shall no be canceled except upon thirty days' prior written notice thereof to the police chief.

B.

Each such policy shall be a continuing insurance policy up to the full amounts thereof notwithstanding any recovery thereon.

C.

The agent or company providing the insurance shall include with the applicable endorsement, a list of all of the vehicles owned or operated by the taxicab business in the city which are included as insured vehicles under the policy. For each vehicle, the agent or company shall provide the year and model of such vehicle and its vehicle identification number.

(Ord. 99-2 Div. VI, 1999: Ord. 92-14 Divs. 1, 2 (part), 1992.)