(A) No taxicab vehicle license shall be issued until the applicant has filed with the City Clerk an insurance policy, a certificate of insurance or any insurance binder, approved as to form by the City Attorney, which evidences that the owner of such taxicab is insured against claims, demands or losses resulting from the negligent operation or use or defective condition of such taxicab in the minimum amounts of one hundred thousand dollars ($100,000) for injury to or death of any person in any one (1) accident, three hundred thousand dollars ($300,000) for injury to or death of any number of persons in any one (1) accident, and one hundred thousand dollars ($100,000) for property damage in any one (1) accident. Such insurance policy shall be in effect through the term of the license. The city shall be named as additional insured.
(B) No policy shall include or contain any limitation, condition or clause excluding coverage of any vehicle otherwise covered by such policy or releasing the insurer from liability under such policy when such vehicle is driven, used, operated or maintained while the driver of any occupant thereof is intoxicated or engaged in the illicit transportation of liquor.
(C) It shall be unlawful for any person to operate or permit the operation of any taxicab unless at the time of such operation there is on file with the City Clerk an insurance policy, a certificate of insurance or an insurance binder, in full force and effect, which manifests insurance coverage of the owner of such taxicab as provided in this section; provided, however, that for the purpose of satisfying the filing requirements of this division an insurance binder shall not be effective for more than sixty (60) days after such binder is filed with the City Clerk.
(Am. Ord. 364, passed 1-2-2008)
Penalty, see § 10.99