Each taxicab carrier and owner of a taxicab or vehicle used in the transportation of passengers for hire shall maintain, whenever he may be engaged in conducting such operations, ability to respond in damages resulting from the ownership or operation of the taxicab or vehicle and arising by reason of personal injury to, or death of, any one person, of at least $100,000 and, subject to the limit of $100,000 for each person injured or killed, of at least $300,000 for such injury to, or the death of, two or more persons in any one accident, and for damages to property of at least $50,000 resulting from any one accident. The minimum limits of the foregoing ability to respond in damages shall be maintained or increased to conform with Vehicle Code Section 16500. Ability to respond in damages may be maintained by either of the alternatives set forth in said Section 16500.
(Ord. MC-16, 12-09-80; Ord. 3022, 10-21-69; Ord. 1987, 7-07-53)