(A) Taxicab. Before a license shall be delivered to any operator, he or she shall deposit with the City Administrator a policy or policies of an insurance company or companies licensed to transact business in the state insuring the operator of the taxicabs against loss from the liability imposed by law for damages on account of bodily injuries or death, or from damage to property resulting from the ownership, maintenance or use of any taxicab owned or operated under such license, and agreeing to pay any judgment creditor to the extent of the amounts specified in such policy, and final judgment rendered against the insured by reason of such liability. The limit in any such insurance policy of such liability of the insurer on account of the ownership, maintenance and use of such taxicab shall not be less than $300,000 combined single limit, bodily injuries and property damage. There shall be no limitation on the policy as to the distance the vehicle may travel from the city, nor shall the policy be canceled by the insurance company without first notifying the City Administrator at least 30 days before the policy is canceled.
(B) General liability. Before a license shall be delivered to any operator, he or she shall deposit with the City Administrator a policy or policies of an insurance company or companies duly licensed to transact business in the state, insuring the operator of any taxicab from any and all liability which he or she may incur as a result of bodily injuries or property damage resulting to him or her other than the operation of the automobile or taxicab. The limit of such insurance policy shall not be less than the city’s maximum limits of liability as set forth in M.S. § 466.04, as it may be amended from time to time.
(Ord. 377, passed 10-19-2015)