(A) It shall be unlawful for any owner or operator to drive or to operate an ambulance or cause the same to be driven or operated in the city and no license for the operation thereof shall be granted unless there is on file with the City Clerk and in full force and effect at all times while such ambulance is being operated, a policy of insurance approved by the City Attorney, with a solvent and responsible company authorized to do business in the state insuring the owner of such ambulance (giving the manufacturer number and state license number) against loss by reason of injury or damage that may result to persons or property from the negligent or defective construction of such ambulance, or for any other cause.
('61 Code, § 2A.22)
(B) The policy of insurance required by the preceding section shall guarantee the payment to any and all persons suffering injury or damage to person or property of any final judgment rendered against such owner or driver, within the limits mentioned in this section irrespective of the financial condition or any acts or omissions of such owner or driver, and shall ensure for the benefit of such persons. Such policy shall be in the amount of $1,000,000 combined single limit.
('61 Code, § 2A.23) (Ord. 984, passed - - )