(A) Before a permit shall be issued by the City Clerk/City Manager, the applicant to whom the permit shall have been awarded by the Council as aforesaid shall deliver to the City Clerk/City Manager proof of the issuance of a city business license.
(B) At the time of application or prior to a permit being issued the applicant to whom the permit shall have been awarded by the Council as aforesaid shall deliver to the City Clerk/City Manager a policy of insurance executed by a company duly authorized under the laws of the state to do an insurance business by the provisions of which policy the company promises and undertakes to pay in full all claims for damages to persons or property resulting from the operation of automobiles referred to in the application; provided that the maximum amount for which liability shall be assumed for injury to, or death of, one person in any one accident; and injury to, or death of, more than one person in any one accident; and the maximum amount for which liability shall be assumed for injury to or destruction of property in any one accident, shall be set by resolution of the City Council.
(C) Following approval of a company permit to operate a taxicab/motor vehicle for hire service, a permit holder, thereafter, shall file annually with the City Clerk/City Manager a current insurance policy for each motor vehicle.
(1995 Code, § 5.36.060) (Ord. 09-10, passed 9-1-2009)