(A) Every person engage in the business of parking motor vehicles on an outdoor parking lot shall take out, and maintain in effect at all times, a blanket insurance policy, written by an insurance company authorized to do business in this state, by the terms of which any motor vehicle owner, whose motor vehicle has been left in any such outdoor parking lot, in the event of theft of or damage to such vehicle, may be recompensed from such insurance for such theft or damage.
(B) The minimum amount of any such blanket insurance policy shall be $5,000.
(C) As prima facie evidence of compliance with the foregoing provisions of this section, each person engaged in the business of parking motor vehicles on an outdoor parking lot shall provide to the Town Clerk a certificate of insurance and, within ten days of each anniversary date thereof, a new certificate of insurance showing that the policy is currently in effect.
(‘73 Code, § 15-24) (Ord. passed 9-4-62; Am. Ord. 2015-14, passed 11-2-15)