Each pedicab company shall maintain a liability and property damage insurance policy insuring all of its pedicabs in the amount of, at least, $1,000,000 combined single limit for each accident, or bodily injury, death, and/or property damage written by a company authorized to transact business in the State of North Carolina and be rated B+ VI or higher by A.M. Best. The declarations page of such policy indicating the liability amounts and the policy period must be provided to the City Manager prior to issuance or renewal of any company operating certificate. Each separate part of the pedicab shall have a serial number affixed thereto and shall be listed on the insurance certificate. All such policies shall be kept in full force and effect at all times while any pedicab is operated within the city, and must cover a minimum period of 12 months. Proof of such insurance must be maintained within the vehicle at all times when operated within the city.
(Ord. 17-08-09, passed 8-8-17)