The liability and property insurance policy required by the preceding section shall be noncancelable and shall insure against any damage or loss resulting from the operation of such escort agency including damage or loss caused by the acts or omissions of each escort driver used by such motor vehicle escort agency licensed under this division, and shall have limits of not less than $300,000 for injuries resulting from any one accident, and $50,000 for damage to property resulting from any one accident. Such insurance shall be for the protection of passengers riding in an escorted funeral procession, the general public, the city and the servants, agents and employees of the motor vehicle escort agency. Such policy of insurance shall be for a period of at least one year and the date of such policy shall coincide with the date of the license issued under this division and shall contain a provision for a continuing liability thereon up to the full amount thereof, notwithstanding any recovery thereon.
(1964 Code, § 34-56) (Ord. 8286, § 2, passed 3-10-1981)