A. At all times during the term of a taxicab fleet association permit issued pursuant to this chapter, the permittee shall continuously maintain in full force and effect general liability insurance. The insurance shall be at no cost to the city and shall comply with the following:
1. Provides coverage at least as broad as ISO CGL Form 00 01 on an occurrence basis for bodily injury, including death, of one or more persons, property damage and personal injury;
2. Provides limits of not less than one million dollars ($1,000,000.00) per occurrence;
3. Provides that the city, its officers, employees and agents are to be named as additional insureds;
4. Covers all losses and damages as specified in Section 5.136.660; and
5. Stipulates that the policy will operate as primary insurance and that no other insurance covering the city or other named insured will be called on to contribute to a loss covered thereunder.
B. No person shall operate a taxicab fleet association without insurance coverage as required by this section in full force and effect.
C. Violation of subsection A of this section, shall be grounds for immediately revoking the taxicab fleet association permit pursuant to Section 5.136.700(B).
D. The certificates of general liability insurance and endorsements that establish compliance with subsection A of this section shall be maintained in the association office for at least three years after the date that the insurance policy expires. (Ord. 2010-028 § 2)