No taxicab vehicle license shall be issued until the applicant obtains, and files with the City Clerk-Treasurer, evidence of, and the licensee shall at all times during which the license shall be effective, maintain liability insurance in the amount of $100,000 for one person; $300,000 for two, or more, persons; and $50,000 for property damage. The policy providing the insurance shall provide for ten days’ written notice to the City Clerk-Treasurer before any cancellation of the policy may become effective.
(Prior Code, § 6.23) (Ord. 201, second series, passed 4-3-2007)