Notwithstanding the provisions of section 3-4-2 of this code, every applicant for a taxicab transportation vehicle permit or permits shall obtain and maintain in full force and effect commercial automobile liability insurance meeting the following requirements for each vehicle listed on the application:
A. The insurer must be a carrier licensed and admitted by the California department of insurance to sell commercial automobile liability insurance in the state of California with an A.M. Best rating as required by the transportation official.
B. The policy shall be written with policy limits of not less than one million dollars ($1,000,000.00) combined single limit per occurrence. Such insurance may include a property damage deductible not greater than two thousand five hundred dollars ($2,500.00) per occurrence.
C. The policy shall contain a condition that it cannot be modified or canceled without at least thirty (30) days' prior written notice to the city.
D. Each policy shall contain an endorsement naming the city as an additional insured and shall be primary to and not contributing with any other insurance covering or maintained by the city.
E. A certificate of insurance shall be attached to the application for the taxicab public transportation vehicle permit or permits. Upon approval of the application, a copy of the additional insured and cancellation endorsements required by subsections C and D of this section shall be filed with the city within thirty (30) days of the date the application is approved. Certificates and endorsements shall be filed on the forms provided by the city and the endorsement shall be notarized. (Ord. 15-O-2671, eff. 2-6-2015)