(A) Every applicant for a tow car business permit shall produce evidence of insurance in an amount prescribed by the City Manager.
(B) Such insurance shall conform to the following requirements:
(1) Insurance must be provided for comprehensive automobile liability, for bodily and property damage liability, and be issued by a reputable insurer within the minimum limits set by the City Manager.
(2) Insurance must be provided for uninsured motorists with a combined single limit as set by the City Manager.
(3) Insurance shall name the city as an additional insured and shall hold harmless the city and its representatives.
(4) Proof of insurance shall be in the form of a certificate of insurance.
(5) Insurance coverage shall extend to all owned, non-owned, and hired vehicles.
(6) A 30 day written notice of cancellation shall be given to the city in the event of a cancellation and/or a reduction in the coverage of any nature. Such notice shall be provided to the City Manager.
(7) Permittee shall maintain such insurance in full force and effect throughout the term of such permit and each renewal thereafter.
('64 Code, § 6-146) (Ord. 784, passed 12-13-90)