No ambulance franchise shall be issued under this chapter, nor shall the franchise be valid after issuance, nor shall any ambulance be operated in the Counties of Pasquotank and Camden unless the franchisee has at all times in force and effect insurance coverage, issued by an insurance company licensed to do business in the state for each and every ambulance owned and or operated by or for the ambulance service providing for the payment of damages:
(A) In the sum of $500,000 for injury to or death of individuals in accidents resulting from any cause for which the owned of the vehicle would be liable on account of liability imposed on him or her by law, regardless of whether the ambulance was being driven by the owner or his or her agency; and
(B) In the sum of $50,000 for the loss of or damage to the property of another, including personal property, under like circumstances, in sums as may be required by the state or as approved by the Pasquotank-Camden Ambulance Board. The terms and provisions of this section shall not apply to any ambulances owned and controlled by Pasquotank and Camden Counties that are operated by the Pasquotank-Camden Ambulance Service.
(Ord. passed 2-18-85)