751.05 LIABILITY INSURANCE.

   (a)   No person shall operate a taxicab, except as provided in Section 751.02 , or permit such vehicle to be so operated, and no license shall be issued hereunder, until and unless the applicant for such license shall deposit with the Safety-Service Director, and keep in full force and effect the following:

   (b)   A policy or certificate of liability insurance, for each taxicab for which a license is sought, acceptable to the Safety-Service Director and the Law Director, insuring the applicant in the following sums:

 

Bodily injury
Per person	$100,000
Per occurrence	300,000
Property damage	100,000
Uninsured motorist	50,000/100,000

   (c)    Such policy shall contain a clause obligating the insurance company to give at least ten days written notice to the Safety-Service Director before any cancellation, change of coverage of the policy, or change of vehicles covered by the policy. Any license issued pursuant to the provisions of this Chapter shall be immediately revoked by the Safety-Service Director upon the cancellation, lapse or termination of the policy of insurance, or change of coverage without notice to the City. A license revoked for failure to maintain insurance coverage or cancellation of insurance coverage shall not be reinstated by the Safety-Service Director, until the applicant complies with all original licensing requirements of this Chapter.

   (d)    The City of Mansfield shall be named as an additional insured on all insurance policies required under this Section.

(Ord. 16-269. Passed 2-7-17.)