(A) Before any taxicab is operated upon the city streets, the owner thereof shall file with the City Clerk a policy of public liability and property damage insurance, issued by a good and solvent company authorized to do business in the state, which policy shall cover the taxicab with liability coverage of at least $100,000 for the injury or death of one person, $300,000 for the injury or death of more than one person, and $50,000 for property damage, all in any one accident which occurs by reason of negligence or carelessness in the operation of the taxicab. Such insurance policy must be approved by the City Attorney, in writing on the policy.
(B) No taxicab shall be operated within the city unless the insurance required by this section is in full force and effect.
(Prior Code, § 9-703) Penalty, see § 110.99