(A) No ambulance license shall be issued under this chapter, no such license shall be valid after issuance, and no ambulance shall be operated in the City, unless there is at all times in force and effect insurance coverage, issued by an insurance company licensed to do business in the State of Ohio, providing for the payment of damages in the minimum amount of One Million Dollars ($1,000,000) per Occurrence and three million dollars ($3,000,000) single aggregate limit. The City of Lima, Ohio shall be named as an additional insured.
(B) No EMSO license shall be issued under this chapter, no such license shall be valid after issuance, and no EMSO shall be operated in the City, unless there is at all times in force and effect Professional Liability malpractice insurance coverage of at least One Million dollars ($1,000,000.00), issued by an insurance company licensed to do business in the State of Ohio. The City of Lima, Ohio shall be named as an additional insured.
(C) A copy of such policies shall be provided to the Mayor, Auditor, and the Law Director.
(D) The insurance required in this section shall apply as follows:
A) For the injury or death of persons in accidents resulting from any cause for which the owner of the ambulance would be liable because of liability imposed by law, regardless of whether such ambulance was being driven by the owner or the owner's agent; and
(2) For loss of or damage to the property of another, including personal property, under like circumstances.
(E) The insurance policies shall be submitted to the License Officer for approval prior to the issuance of each ambulance and EMSO license. Satisfactory evidence that such insurance is at all times in force and effect shall be furnished to the License Officer, in such form as the officer may specify, by licensees required to provide such insurance under the provisions of this chapter.
(F) Each insurance policy required herein shall contain provisions that liability thereunder shall continue to the full amount thereof, notwithstanding any recovery thereon, that the liability of the insurer shall not be affected by the insolvency or the bankruptcy of the insured and that, until the policy is revoked, the insurance company shall not be relieved from liability because of nonpayment of the premium, failure to renew the license at the end of the year or any other act or omission of the insured. Such policy of insurance shall be further conditioned upon the payment of any judgments up to the limits of the policy recovered against any person other than the owner, the owner's agent or employee who may operate the ambulance with the consent or acquiescence of the owner.
(G) Each insurance policy required herein shall extend for the period to be covered by the license applied for, and the insurer shall be obliged to give not less than fifteen days written notice to the License Officer and to the insured before any cancellation or termination thereof before the expiration date. The cancellation or other termination of any insurance policy shall automatically revoke and terminate the licenses issued for the ambulances covered by such policy, unless another insurance policy complying with the provisions of this section is provided and in effect at the time of such cancellation or termination.
(Ord. 064-00. Passed 3-27-00.)