No taxicab operator shall engage in any taxicab business within the limits of the city unless there is on file with the Clerk-Treasurer, and in force and effect, a certificate of insurance executed by a duly authorized officer of an insurance company authorized to write insurance in the state, to the effect that a policy of insurance has been issued to the operator for the taxicab operation. The policy of insurance shall be at a minimum of $1,000,000 general liability each occurrence and in the aggregate.
Penalty, see § 110.99