(a) No ambulance license shall be issued under this chapter, nor shall such license be valid after issuance, nor shall any ambulance be operated in the City unless
there is at all times in force and effect insurance coverage, issued by an insurance
company licensed to do business in the State, for every ambulance owned and/or operated within the City providing insurance as follows:
(1) For injury to or death of individuals in accidents resulting from any cause for which the owner of the vehicle would be liable on account of liability imposed on him by law, regardless of whether the ambulance was being driven by the owner or his agent; and
(2) For the loss of or damage to the property of another, including personal property, under like circumstances, in such sums and under such terms as may be required in regulations promulgated by the License Officer.
(b) The insurance policies shall be submitted to the License Officer for approval prior to the issuance of each ambulance license. Satisfactory evidence that such insurance is at all times in force and effect shall be furnished to the License Officer, in such form as he may specify, by all licensees required to provide such insurance under the provisions of this chapter.
(c) Every insurance policy required hereunder shall contain a provision for a continuing liability thereunder to the full amount thereof, notwithstanding any recovery thereon, that the liability of the insurer shall not be affected by the insolvency or the bankruptcy of the assured, and that until the policy is revoked the insurance company will not be relieved from liability on account of nonpayment of a premium, failure to renew a license at the end of the year or any act or omission of the named assured. Such policy of insurance shall be further conditioned for the payment of any judgments, up to the limits of the policy, recovered against any person other than the owner, his agent or employee, who may operate the same with the consent or acquiescence of the owner.
(d) Every insurance policy required hereunder shall extend for the period to be covered by the license applied for and the insurer shall be obliged to give not less than thirty days written notice to the License Officer and to the insured before any cancellation or termination thereof earlier than its expiration date, and the cancellation or other termination of any such policy shall automatically revoke and terminate the licenses issued for the ambulances covered by such policy, unless another insurance policy complying with the provisions of this section is provided and is in effect at the time of such cancellation or termination.
(Ord. 1970-155. Passed 9-29-70.)