No emergency medical service vehicle license shall be issued, nor shall any license be valid after issuance, unless there is, at all times, in force and effect, insurance coverage, issued by an insurance company authorized to write insurance in the State, for each emergency medical service vehicle and its driver or emergency medical technicians for the payment of damages. Each vehicle shall be insured for claims arising from injuries, death or damage to property as a result of any accident, the amount to be determined by the Law Director of the City, and to be reviewed on an annual basis. Each ambulance company operating shall maintain malpractice insurance, the amount to be determined and reviewed annually by the Law Director. Every insurance policy or contract for insurance shall provide for the payment and satisfaction of any financial judgment entered against the ambulance company operator and present insured or any person driving the insured vehicle. The insurance shall be obtained and a certificate of the policies shall be filed with the City Safety Director, or his designated representative. All insurance policies, certificates thereof or certified copies of the insurance policies shall provide for a thirty day cancellation notice to the Safety Director, or his designated representative.
(1979 Code 121.15)