(A) No license shall be issued for any taxicab or to any operator thereof until the owner of the taxicab shall file with the City Controller an insurance policy in regard to the taxicab sought to be licensed which provides a minimum of an amount as set by the city from time to time combined single limit liability.
(B) The insurance policy shall be issued by a responsible insurance carrier licensed to do business in the state and the form of policy shall be approved by the corporation counsel.
(Prior Code, § 128.17) (Ord. 0-93-0028, passed - -1994) Penalty, see § 115.999