(a) No ambulance license shall be issued under this chapter, nor shall such license be valid after issuance, nor shall any ambulance be operated in the City unless there is at all times in force and effect insurance coverage, issued by an insurance company licensed to do business in the State, for each and every ambulance owned or operated, or both, by or for the applicant or licensee, providing for the payment of damages;
(1) For injury to or death of individuals in accidents resulting from any cause for which the owner of such vehicle would be liable on account of liability imposed on him by law, regardless of whether the ambulance was being driven by the owner or his agent, in the amount of one hundred thousand dollars ($100,000) per individual and three hundred thousand dollars ($300,000) per accident;
(2) For the loss of or damage to the property of another, including personal property, under like circumstances, in the amount of fifty thousand dollars ($50,000); and
(3) For injury or death that results from malpractice of an Emergency Medical Technician (EMT) for which the EMT or owner of such vehicle would be liable according to law in the amount of five hundred thousand dollars ($500,000) (per incident).
(Ord. 57, 1984. Passed 7-2-84.)
(b) 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 assured and that until the policy is revoked, the insurance company will not be relieved from liability on account of nonpayment of premium, failure to renew license at the end of the year, or any act or omission of the named assured. Such policy of insurance shall be further conditioned for the payment of any judgements up to the limits of such policy, recovered against any person other than the owner, his agent or employee, who may operate the same with the consent or acquiesence of the owner.
(c) Every insurance policy required hereunder shall extend for the period to be covered by the license applied for and the insurer shall be obliged to give not less than ten days written notice to the license officer and to the assured before any cancellation or termination thereof earlier than its expiration date and the cancellation or other termination of any such policy shall automatically revoke and terminate the licenses issued for the ambulances covered by such policy, unless another insurance policy complying with the provisions of this section shall be provided and be in effect at the time of such cancellation or termination.
(Ord. 13, 1970.)