(a) No license to operate any wrecker or tow truck shall be issued or renewed by the Administrator and it shall be unlawful to operate or permit the operation of any such wrecker unless and until the owner of the same shall deposit and maintain on deposit with the Administrator a copy of an existing insurance policy or evidence acceptable to the Administrator of such policy of an insurance company duly licensed to transact such business in the State of Ohio, or of an insurance company not authorized to transact business in the State, provided such insurance is written through a citizen of the State duly licensed as provided by Ohio R. C. 3905.30, et seq., insuring within the amounts specified in such policy the owner of such tow truck and also any person operating the same in the City under the authority of such owner, whether such authority be under contract or employment, lease or other transaction of the owner or owner's assignee or lessee and such person operating such wrecker against loss from the liability imposed by law for damages on account of bodily injuries or death or for damages to property, other than employees, resulting from such ownership, maintenance or use of such wrecker in the City, and agreeing to pay to any judgment creditor to the extent of the respective amounts specified in such policy, and final judgment rendered against the insured or such operator by reason of such liability.
(b) In addition to the insurance required in subsection (a) hereof, a garage keeper's legal liability policy covering fire, theft and explosion shall be required.
(c) The policy or policies shall contain an endorsement providing ten days notice to the City in the event of any material change or cancellation.
(Ord. C46-84. Passed 7-16-84.)