(a) Before the Director issues any passenger vehicle license under this Chapter, the applicant must submit written proof of insurance or self-insurance for the vehicle that covers bodily injury or death to any passenger or other person, and property damage, in the following amounts:
(1) $50,000 for bodily injury or death per person;
(2) $100,000 for bodily injury or death per accident; and
(3) $ 25,000 for property damage.
(b) The insurance must be provided by an insurer licensed to do business in the State or, alternatively, under a self insurance program approved and administered by the state motor vehicle agency.
(c) If the insurance coverage lapses at any time during the license term, the taxicab license is automatically suspended. The licensee must immediately notify the Department, stop operating the taxicab, and surrender the license to the Department. The Director must promptly reinstate the license if all required insurance coverage is documented to the Director’s satisfaction.
(d) Each taxicab must contain sufficient copies of a summary of insurance information, in a form approved by the Director, that may be given to passengers, members of the public, and law enforcement officers. The summary must include:
(1) the name and address of the vehicle owner;
(2) the vehicle’s license tag number;
(3) the name, address, office hours, and telephone number of the insurance claims office responsible for adjusting any insurance claim arising from use of the vehicle; and
(4) the name, address, and telephone number of the Department and any other government agency where complaints regarding insurance claims handling may be filed. (2004 L.M.C., ch. 27, § 1; 2015 L.M.C., ch. 39, § 1.)
Editor’s note—2015 L.M.C., ch. 39, § 5, states: Transition. Notwithstanding the Expedited Effective Date of this Act, the following provisions, amended in Section 1, take effect on October 1, 2015:
(a) the maximum credit card processing charge under Section 53-218(f)(1);
(b) the dispute resolution requirements under Section 53-219;
(c) the deletion of the driver examination requirement under former Section 53-308 (deleted as of October 1, 2015); and
(d) the minimum liability insurance requirements under Section 53-224.