(a) No person shall operate a taxicab, except as provided in Section 721.02, or permit such vehicle to be so operated, and no license shall be issued hereunder, until and unless the applicant for such license shall deposit with the Director, and keep in full force and effect the following:
(b) A policy or certificate of liability insurance, for each taxicab for which a license is sought, acceptable to the Director of Public Safety and Service and the Law Director, insuring the applicant in the following sums:
Bodily injury | |
per person | $ 100,000 |
per occurrence | 300,000 |
Property damage | 100,000 |
Uninsured motorist | 50,000/100,000 |
(c) Such policy shall contain a clause obligating the insurance company to give at least ten days written notice to the Director before any cancellation, change of coverage of the policy, or change of vehicles covered by the policy. Any license issued pursuant to the provisions of this Chapter shall be immediately revoked by the Director upon the cancellation, lapse or termination of the policy of insurance, or change of coverage without notice to the City. A licence revoked for failure to maintain insurance coverage or cancellation of insurance coverage shall not be reinstated by the Director, until the applicant complies with all original licensing requirements of this Chapter.
(d) The City of Port Clinton shall be named as an additional insured on all insurance policies required under this section. (Ord. 09-11. Passed 4-26-11.)