(a) No owner or other person having the custody or control of a taxicab or other motor vehicle for hire shall operate or cause or permit such taxicab or other motor vehicle for hire to be operated on the streets of the City without first having filed with the Building Commissioner a casualty insurance policy for such vehicle. Such policy shall indemnify the owner of such vehicle in the minimum amount prescribed by Ohio R.C. 4509.51 which is in the sum of at least one hundred thousand dollars ($100,000) for injury or death to one (1) person, and three hundred thousand dollars ($300,000) for injury or death to more than one (1) person in the same accident, and fifty thousand dollars ($50,000) for property damage in any one (1) accident through the operation of such vehicle.
(b) The policy shall further contain a clause obligating the casualty company to give ten (10) days' written notice to the Building Commissioner before cancellation or expiration of such policy.
(c) In lieu of the casualty insurance provided for herein, the owner of the taxicab or other motor vehicle for hire may submit to the Building Commissioner a proposal for any other form of indemnity. The proposal, if acceptable to the Building Commissioner shall be submitted to the Director of Law for approval.
(Ord. 91-19. Passed 12-9-19.)