The licensee shall secure, at his own cost and shall maintain at all times during the effective term of the license, liability insurance on all motor vehicles and equipment used within the corporate limits of the City. Such insurance shall cover property damage, personal injury and death arising from the performance of the service covered by the license issued pursuant to this chapter. The amount of required insurance shall not be less than the following:
   (a)   $10,000 for property damage for each accident.
   (b)   $50,000 for bodily injury for each person.
   (c)   $100,000 for bodily injury for two or more persons.
   The licensee shall submit evidence to the Director of Public Safety that such insurance is in force before a license will be issued.
(Ord. C34-67. Passed 7-10-67.)