(a) Before a license certificate under this division shall be issued to any owner or operator of any private motor vehicle escort agency as defined in this article, or before the renewal of such license certificate shall be granted, the holder of such license certificate shall be required to file with the city secretary and thereafter keep in full force and effect a policy of public liability and property damage insurance, to be executed by an insurance company duly and legally authorized to do business in the state and performable in the county, and to be approved by the city manager, insuring the general public and the city against any loss or damage that may result to any person or property from the operation of such motor vehicle escort service.
(b) In addition, before any such license certificate is issued the holder of such license shall agree to indemnify, hold harmless and defend the city against any losses or claims arising out of the operation of such motor vehicle escort service.
(1964 Code, § 34-55) (Ord. 8286, § 1, passed 3-10-1981)