(a) The applicant shall also furnish a policy or policies of liability insurance issued for the life of the license applied for or longer, by a responsible insurance company, approved as to sufficiency by the Clerk-Treasurer and as to legality by the Solicitor, providing indemnity for or protection to the applicant against loss resulting from its transportation operations to the extent of one hundred thousand dollars ($100,000) on account of injury or death of one person in any one incident; three hundred thousand dollars ($300,000) on account of injury or death of more than one person in any one incident; and ten thousand dollars ($10,000) for property damage caused in any one incident. (Ord. 10-82. Passed 3-15-82.)