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Before any permit to engage in the business of operating a taxicab is issued under the provisions of this chapter, the owner shall cause to be filed in the office of the City Clerk a certificate in form satis-factory to the city evidencing that the owner is insured by an insurance carrier authorized to transact business in the state. Such insurance shall be in an amount not less than $250,000 for injury to or death of one person and not less than $500,000 for injury or death to two or more persons in one accident, and not less than $100,000 for injury to property. The insurance shall be maintained in force at all times during which such permit is in force.
('86 Code, § 5.68.040) (Ord. 3156, passed - - ; Am. Ord. 3962, passed - - )