Every owner or operator of every taxicab engaged in the business of transporting passengers for hire in the town, other than those operated under the jurisdiction of the utilities commission of the state, shall secure and keep in effect for each taxicab or motor vehicle so operated, a policy of liability and property damage insurance in a company duly authorized to do business in this state in the sum of not less than $25,000 for death or injury to one person in case of one accident, and not less than $100,000 for death or injury to more than one person in case of one accident, and $5,000 for property damage in case of one accident, and to be conditioned upon any operator or owner of the taxicab responding in damages of any liability incurred on account of death or any injury to persons or damage to property resulting from the negligent operation of any taxicab or motor vehicles; and the owner or operator of any taxicab in the town shall deposit evidence of his or her compliance with this section with the taxicab inspector before beginning the operation of any taxicab in the town.
(Prior Code, § 6-1009) (Ord. passed 2-28-1972)