761.11 LIABILITY INSURANCE REQUIRED.

   It shall be unlawful to operate a public hack, taxicab or other vehicle kept for hire as defined in this chapter, or permit the same to be operated, nor shall any license be issued hereunder until and unless the applicant deposits with the Director of Public Safety a liability insurance policy for each taxicab and/or a self-insurers’ certificate issued by the State. Such policies shall be written by an insurance or liability company authorized to carry on business and to write such policies in the State. Such policy and/or insurers' certificate shall indemnify the taxicab company in the sum of at least one hundred thousand dollars ($100,000) for injury or death to one person, five hundred thousand dollars ($500,000) for injury or death to more than one person, and fifty thousand dollars ($50,000) for property damage in any one accident, through the operation of the taxicab or the taxicab company. Such policy shall further contain a clause obligating the surety company to give fifteen days' written notice before cancellation of such policy or policies to the Director of Public Safety.

(Ord. 108-1998. Passed 7-27-98.)