A. No taxicab or vehicle for hire shall be driven or operated in the city unless the owner or operator thereof obtains and maintains a motor vehicle liability insurance policy or policies from a responsible and solvent corporation, authorized to issue such policies under the laws of the State of California, insuring said owner or operator and covering such taxicab or vehicle for hire.
B. Such policy shall insure any individual driving, using or responsible for the use of any taxicab or vehicle for hire covered by said policy with the consent, express or implied, of the owner, against loss from liability imposed on any of them by law for injury to or death of any individual, or damage to property, arising from or growing out of the maintenance, operation or ownership of any taxicab or vehicle for hire covered by the policy to not less than the type and amounts or limits required for operation as prescribed by the chief of police.
C. The applicant or permittee shall file with the city said policy or policies or certificates thereof. The policy or policies shall provide that they shall not be canceled except after thirty (30) days written notice to the city.
D. Upon the chief of police receiving notice of cancellation, the chief of police by written notice shall inform the business permit holder that the permit will be automatically suspended on the expiration date of the policy, without further notice unless evidence of required insurance is filed with the chief of police on or before that date. (Ord. 9517 § 1 (part), 1995: prior code § 6570)