(A) Each taxicab operated within the city limits or police jurisdiction thereof shall be required to carry and maintain in effect the following minimum personal injury and property damage liability insurance:
(1) Comprehensive general liability insurance, public liability including premises, products and complete operations:
(a) Bodily injury liability:
1. Each person: $250,000; and
2. Each occurrence: $500,000.
(b) Property damage liability, each occurrence: $100,000 or in lieu of division (1)(a) above and this division (b); and
(c) Bodily injury and property damage combined, single limit: $500,000.
(2) Comprehensive automobile liability insurance including owned, non-owned and hired vehicles:
(a) Bodily injury liability:
1. Each person: $250,000; and
2. Each occurrence: $500,000.
(b) Property damage liability, each occurrence: $100,000 or in lieu of divisions (1)(a) and (b) above; and
(c) Bodily injury and property damage combined, single limit: $500,000.
(B) The minimum amount of liability insurance shall never be less than the amount established by the statutes of the State of Texas under the Texas Safety Responsibility Act, or any amendments thereto.
(C) No permit required by this chapter or business license shall be granted to any person to operate any taxicab upon the streets or elsewhere in the city or its police jurisdiction until that person shall have first filed with the City Secretary a certificate of the above-stated insurance requirements, issued to such person by a public liability insurance company authorized to do business in the State of Texas.
(D) The insurance coverage required by this section shall at all times be maintained for the full amount. The certificate of each policy or polices of insurance required by this section to be filed with the City Secretary shall contain a clause obligating the company issuing the same to give not less than 30-days’ written notice to the City Secretary before cancellation thereof. Notice of cancellation shall not relieve the company issuing the policy or policies of liability insurance for any injury or claim arising before the cancellation becomes effective. The cancellation of any such policy shall have the effect of suspending the permit of the person to operate any taxicabs covered thereby until a new policy or policies complying with the provisions of this section is filed with the City Secretary.
(E) Every insurance policy required hereunder shall contain a provision for a continuing liability thereunder to the full amount thereof, notwithstanding any recovery thereon, that the liability of the insurer shall not be affected by the insolvency or the bankruptcy of the insured and that until the policy is canceled the insurance company will not be relieved from liability on account of nonpayment of premium, or any act or omission by the named insured. The policy of insurance shall further provide for the payment of any and all judgments, up to the limits of the policy, recovered against any person other than the owner, the owner’s agent or employee of any such business, who may operate the same with the consent or acquiescence of the owner.
(Ord. 99-03, passed 3-16-1999)