When an application for a certificate under this subchapter is approved, the applicant shall be required to obtain a policy from an insurance carrier authorized to do business in this state. The insurance policy shall be conditioned on the operator’s responding in damages for any liability incurred on account of any injury to persons or damage to property and shall be in at least the minimum amounts required by state law. The insurance policy shall be filed with the Board of Commissioners as a condition precedent to the operation of any taxicab.
(1988 Code, § 21-3)
Statutory reference:
Financial responsibility of taxicab operators, see G.S. § 160A-304