The taxicab company operating under the license granted herein shall not operate any taxicab on the streets of the City until such taxicab company has filed with the Director of Public Safety and Service a liability insurance policy for each taxicab. Such policy shall be acceptable to and approved by the Director and shall be written by an insurance or liability company authorized to carry on business and write such policies in the State. Such policy shall indemnify the taxicab company in the sum of at least one hundred thousand dollars ($100,000) for injury or death to one person, three hundred thousand dollars ($300,000) for injury or death to more than one person and twenty-five thousand dollars ($25,000) for property damage in any one accident through the operation of the taxicab of such taxicab company. The policy shall further contain a clause obligating the surety company to give ten days’ written notice to the Director before cancellation of the policy.
(Ord. 105-99. Passed 12-6-99.)
(Ord. 105-99. Passed 12-6-99.)