No ambulance license shall be issued nor shall any such license be valid after issuance unless there is at all times in force and effect adequate liability insurance coverage issued by an insurance company authorized to write insurance in this State for each ambulance and its driver or attendant providing for the payment of damages for personal injury or death or damage to property resulting from any cause, including loading and unloading of patients from ambulances for which the owner, operator, licensed driver or attendant of any ambulance would be liable by law. Such insurance shall be maintained in the following minimum amounts:
(a) For bodily injury to any one person in the amount of not less than two hundred fifty thousand dollars ($250,000) and for bodily injury to more than one person sustained as a result of the same accident in the amount of not less than five hundred thousand dollars ($500,000) .
(b) For property damage resulting from any one accident in the amount of not less than fifty thousand dollars ($50,000).
A properly executed certificate of insurance indicating the insurance coverages described in subsections (a) and (b) hereof, shall be furnished to the Director of Public Safety. All policies of insurance furnished under this section shall contain a written endorsement or condition requiring that before cancellation of the policy for any cause at least ten days notice shall be given to the Director. Failure to maintain full compliance with the above insurance requirements shall result in immediate revocation or suspension of the license for any inadequately insured ambulance. (Ord. 39-91. Passed 3-11-91.)