Before any taxicab company commences taxicab service pursuant to its franchise, the company shall have obtained a policy of insurance, approved by the City Manager, which was issued by an insurance company authorized to do business under the laws of this state, protecting and insuring the taxicab company, its officers, agents and employees from public liability in the sum of $500,000/$1,000,000 for injuries caused to pedestrians, passengers of the taxicabs and drivers or occupants of other motor vehicles; and in the sum of $200,000 for damage done to the property of others by reason of the negligence of the taxicab operators; and in the sum of $1,000,000 combined limit for physical damage, collision, and liability insurance on all vehicles.
(‘97 Code, § 115.02) (Ord. 62-80, passed 10-6-80; Am. Ord. 32-91, passed 7-1-91; Am. Ord. 5-02, passed 4-15-02; Am. Ord. 13-16, passed 9-20-16)