A. Required: Every applicant hereunder shall file with the board of county commissioners an insurance policy providing liability insurance coverage for each and every ambulance vehicle owned, operated and/or leased by the applicant; such policy shall be issued by an insurance company or companies authorized to do business in the state of Idaho, and shall provide insurance coverage for injury to, or death of, any person or persons in accidents and resulting from any cause for which the owner or operator of said vehicle would be liable on account of any liability imposed by law, regardless of whether the ambulance vehicle was being driven by the owner, his agent or lessee; said policy shall also provide insurance coverage against damage to the property of another, including personal property, under like circumstances of liability.
B. Policy Limits: The minimum limits of policy coverage shall be not less than one hundred thousand dollars ($100,000.00) for the injury or death of one person, not less than three hundred thousand dollars ($300,000.00) for the injury or death of two (2) or more persons in any one accident, and one hundred thousand dollars ($100,000.00) for property damage in each accident.
C. Insolvency Or Bankruptcy Of Assured: Every such policy of insurance shall continue to the full amount thereof, notwithstanding any recovery thereon and shall provide that the liability of the insurer shall not be affected by the insolvency or bankruptcy of the assured.
D. Term: Each 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 the board of county commissioners and the assured not less than thirty (30) days' written notice in the event of any change or cancellation earlier than its expiration date. The cancellation or other termination of any such policy shall automatically revoke and terminate any license issued hereunder for the ambulance service 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.
E. Indemnification: The limits of insurance provided above shall not be deemed a limitation of any covenant to indemnify and save and hold harmless the county, and if the county becomes liable for an amount in excess of the insurance limits herein provided, the applicant or licensee, or any of its agents upon whom duties may be imposed by this chapter, by accepting a license or permit hereunder, shall be deemed to have agreed to indemnify and save and hold harmless the county from any and all such losses, claims, and actions, judgments or expenses for damages or injury to persons or property. (Ord. 98-05, 1-26-1998, eff. 2-9-1998)