A. The taxicab business shall insure each driver consistent with the requirements of this chapter.
B. The minimum limits of the insurance policy shall be determined by the City's risk manager.
C. The taxicab business shall file with the City Clerk evidence of liability insurance coverage in the form of one certificate of insurance that lists all taxicabs insured. The certificate of insurance must be acceptable to the City.
D. The insurance company must be authorized to do insurance business in the State of Iowa and be acceptable to the City.
E. Insurance coverage for the driver of a network taxicab shall, at a minimum, be for incidents involving the driver during a prearranged ride and shall provide coverage at all times the driver is engaged in a prearranged ride. Insurance coverage of a metered taxicab, which is not titled in the name of the business, shall be for incidents involving the driver when the vehicle is operated as a taxicab and shall provide coverage at all times a driver is operating the taxicab. Insurance coverage of a metered taxicab, which is titled in the name of the business, and horsedrawn vehicles, shall be for all incidents.
F. Notwithstanding section 5-1-5 of this title, the cancellation or other termination of an insurance policy required by this chapter shall automatically suspend the business license. The City Clerk shall immediately issue written notification to the taxicab business of the suspension of the license. The City Clerk will schedule a suspension hearing before the City Manager or designee in the same manner as in section 5-1-5 of this title. If the taxicab business obtains insurance coverage that complies with this chapter prior to the hearing on the suspension, the City Clerk may withdraw the suspension and cancel the hearing. Upon the City Clerk suspending the license, the taxicab business shall return all decals to the City Clerk. If the suspension of the business license is subsequently withdrawn, the taxicab business must apply for new decals in accordance with the terms of this chapter and at its expense. (Ord. 15-4608, 2-9-2015; amd. Ord. 23-4905, 7-11-2023)