Every ambulance owner shall maintain in full force and effect at all times throughout the duration of the license period commercial general liability insurance and commercial automobile liability insurance and worker's compensation insurance for employees with insurers authorized to insure in the State of Illinois. The commercial automobile liability insurance policy may cover one or more ambulance vehicles, but each ambulance shall be insured for the sum of at least $350,000.00, combined single limit, per occurrence for bodily injury and property damage. The commercial general liability insurance shall have limits of not less than $350,000.00 for bodily injury, personal injury and property damage for liability arising in any way from the issuance of the license or activities conducted pursuant to the license. Each insurance policy shall: (1) name the City of Chicago as an additional insured on a primary, noncontributory basis for any liability arising directly or indirectly from the licensee's operations, and (2) provide for the payment and satisfaction of any final judgment rendered against the owner, or any person driving any insured vehicle, and (3) so that suit may be brought in any court of competent jurisdiction upon such policy or contract by any person having claims arising from the operation or use of such ambulances contain a description of each ambulance vehicle insured, the manufacturer's name and serial number, the State license number, and the ambulance-operating license number.
All insurance policies required by this section or copies thereof certified by the insurers shall be filed with the Department of Business Affairs and Consumer Protection, and no insurance shall be subject to cancellation or lapse, except on 30 days' advance notice to the Department of Business Affairs and Consumer Protection. If any insurance is canceled or permitted to lapse for any reason, the Department of Business Affairs and Consumer Protection shall suspend the license for the ambulance affected for a period not to exceed 30 days, to permit the insurance to be supplied in compliance with the provisions of this section. If such other insurance is not supplied within the period of suspension of the license, the Commissioner shall revoke the certificate of inspection for such ambulance.
Every company licensed pursuant to this chapter shall pay each judgment or award for the loss or damage in the operation for use of an ambulance rendered against such licensee by any court or commission of competent jurisdiction within 90 days after its judgment or award shall have become final, and not stayed by supersedeas. If any such judgment shall not be so paid, the Commissioner shall revoke the ambulance-operating license of the applicable ambulance company in accordance with Section 4-4-280.
(Amend Coun. J. 7-30-97, p. 50612; Amend Coun. J. 11-19-08, p. 47220, Art. V, § 5; Amend Coun. J. 5-9-12, p. 27485, § 38; Amend Coun. J. 10-28-15, p. 11951, Art. VI, § 15; Amend Coun. J. 11-16-16, p. 37901, Art. II, § 11; Amend Coun. J. 11-21-17, p. 61755, Art. VII, § 10)