Every owner operating in the city shall file with the City Clerk a policy of insurance with some insurance company duly licensed by the State Insurance Commission to do business in the state or provide a surety bond approved by the board with solvent surety, conditioned on such owner’s responding in damages for any liability incurred on account of any injury to persons or damage to property resulting from the operation of any taxicab operated by him or her in the following amounts: $100,000 for death or injury of any one person; $300,000 for death or injury of two or more persons in any one accident; and $50,000 for property damage in any one accident.
(1997 Code, § 114.55) (Ord. passed 1-9-1979)