No Taxicab Company, Operator or Vehicle is permitted to operate as a Taxicab within the City of Oxford without having the required levels of insurance.
(a) The Taxicab Company must have on file with the City proof the Taxicab Company has a commercial insurance policy in-force which provides liability coverage for said company in operating as a Taxicab company.
(b) Each Taxicab Vehicle must have documentation on file with the City of Oxford providing proof of insurance which provides the following items:
(1) The Vehicle has an insurance policy in effect which insures the Vehicle for taxicab use.
(2) A Certificate of Insurance listing the City of Oxford as a Certificate Holder.
(3) The following minimum levels of insurance:
o $300,000 in Combined Coverage or,
o $100,000 in injury or death of one person per accident, and
o $300,000 in injury or death of more than one person per accident, and
o $100,000 in property damage coverage per accident.
o Or equivalent Bond
(c) The City of Oxford shall be notified within ten (10) days of any lapse of insurance.
(Ord. 3360. Passed 8-2-16.)