A. Vehicle Insurance: Each licensed commercial transportation vehicle operating within the City shall be insured under a motor vehicle liability policy of insurance, issued by an insurance carrier duly authorized to do business in the State, which provides coverage in the amount of five hundred thousand dollars ($500,000.00). After January 1, 2021, the minimum motor vehicle liability insurance coverage shall be in the amount of one million dollars ($1,000,000.00) for all new licenses or license renewals under this chapter.
B. Businesses:
1. Every commercial transportation service business licensee shall tender to the City Clerk a certificate of insurance designating the vehicle or vehicles covered and certifying that insurance in the amounts specified herein is in effect. Said certificate of insurance shall specify as the certificate holder Boise City, P.O. Box 500, Boise, Idaho, 83701.
2. The failure of any licensee to tender such certificate shall be grounds for suspension or revocation of said license. Such insurance shall be maintained throughout the licensing period.
C. Certificate: No commercial transportation services business license shall be issued or renewed and no quarterly inspection decal shall be issued until a certificate of insurance certifying that the commercial transportation vehicle is insured as herein provided is tendered to the City Clerk.
D. Notification Of Cancellation: Every commercial transportation service business licensee shall immediately notify the City Clerk of the voluntary or involuntary cancellation of, or changes to, any policy of insurance or certificate of insurance on any licensed commercial transportation vehicle. In addition to other prescribed penalties for violations of this article, failure to so notify the City Clerk shall be grounds for suspension or revocation of the commercial transportation service business license. (1952 Code § 5-03-06; amd. Ord. 53-20, 1-12-2021)