(a) Before the issuance of a license to operate a horse drawn carriage for hire, the licensee shall file a certificate of insurance signed by a duly authorized officer of a company authorized to write insurance in the State of Michigan confirming that a policy of insurance has been issued and is in full force and effect to the licensee and that the premium has been paid as required, together with a true copy of the policy contract or certificate of insurance.
(b) Such policy of insurance shall insure the licensee against loss resulting from liability imposed by law for property damage, bodily injury or death suffered by any person arising out of the ownership, maintenance or use of a horse drawn carriage with minimum liability coverage exclusive of interest and costs of not less than one hundred thousand dollars ($100,000.00) because of bodily injury or death of one (1) person in any one (1) accident, and subject to said limit of one (1) person, to a limit of not less than three hundred thousand dollars ($300,000.00) because of bodily injury to or death of two (2) or more persons in any one (1) accident, and to a limit of not less than ten thousand dollars ($10,000.00) because of injury to or destruction of property of others in any accident.
(c) Such policy of insurance shall name the City of Flint as an additional party insured.
(d) Such policy of insurance shall contain a provision for a continuing liability to the amount thereof notwithstanding any recovery, and that until the policy is revoked, as herein provided, 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 insured.
(e) Any insurance company whose policy has been so filed pursuant to this section may file a notice with the City Clerk’s office of its intention to terminate and cancel such policy and give notice thereof to the named licensee, whereupon after ten (10) days after such filing such licensee or owners shall cease to operate or cause to be operated within the City such horse drawn carriage, and the license issued therefor shall be automatically revoked and liability on such policy shall cease and terminate provided, that the liability of the insurance company therefor for any act or omission of the licensee or owners occurring prior to the effective date of cancellation shall not be thereby discharged or impaired.
(Ord. 3783, passed 12-13-2010)