The applicant shall furnish to the City Clerk, prior to the issuance of a horse-drawn vehicle license, a certificate of insurance insuring the city, the applicant, each horse-drawn vehicle and each horse to be used in that business by the licensee, against public liability in the minimum limits of $100,000 for personal injury or death to any one person for any one accident, and $300,000 for personal injury or death to two or more persons in any one accident, which insurance policy and certificate shall provide that the city shall be given at least 30 days’ prior written notice of cancellation. The certificate shall be provided by a liability insurance company qualified to do business within the State of North Carolina, and by an agent licensed within the State of North Carolina. The policy shall not be canceled or suspended either by the insured or the insurer unless at least 30 days’ notice, in writing, of the intention to cancel or suspend the policy has been forwarded to the City Clerk, and upon the suspension or cancellation of insurance, the horse-drawn vehicle license of the licensee shall be suspended until such time as an acceptable certificate of insurance shall be on file with the City Clerk.
(1971 Code, § 11-13-9)