No license to operate any public vehicle kept for passenger hire, other than a motorbus, shall be issued or renewed by the Director of Public Safety and Service, and it shall be unlawful to operate any such public vehicle, or permit it to be operated, unless and until the applicant shall deposit and maintain on deposit with the Director a policy of liability insurance, issued by an insurance company duly licensed to transact such business in the State, insuring within the amount specified in such policy the owner of such taxicab or automobile and also any person operating the same in the City as a taxicab or automobile for passenger hire under the authority of such owner, whether such authority is under contract of employment, lease or otherwise, and insuring such person operating such car against loss from liability imposed by law for damages on account of bodily injuries or death and for damage to property, other than injuries, death or property damage of the insured or the insured's employees, resulting from such ownership, maintenance or use of such taxicab or automobile so kept for passenger hire in the City, and agreeing to pay to any judgment creditor, to the extent of the respective amounts specified in such policy, any final judgment rendered against the insured or such operator by reason of such liability. Such policy shall be approved as to sufficiency by the Director and as to legality by the City Law Director.
(Ord. 92(90-91). Passed 7-19-90.)
(Ord. 92(90-91). Passed 7-19-90.)