Such policy of insurance shall contain a provision for a continuing liability thereunder to the full amount thereof, notwithstanding any recovery thereon, and until the policy is revoked, as herein provided, the insurance company shall not be relieved from liability on account of nonpayment of premium, failure to renew 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 such 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.
(Ord. 304-08. Passed 10-7-08.)