(A) Every taxicab or automobile operated for the conveyance of passengers for hire within the town shall have thereon and be covered by a minimum amount per state law for property damage liability insurance and a minimum amount per state law for public liability insurance because of bodily injury to or death of one person in any one accident and an amount per state law because of bodily injury to or death of two or more persons in any one accident, which insurance shall cover the persons riding in the taxicab or automobile used for conveyance of persons for hire, as well as all other persons for hire, as well as all other persons and which shall be kept fully in force during the entire time the taxicab or automobile is licensed to operate by the town. It shall be unlawful and a violation of this chapter to operate any taxicab at any time whatsoever for conveyance of passengers unless it is fully covered by the above mentioned liability insurance. No license for the operation of a taxicab shall be issued to any person, nor any taxicab shall be issued to any person, nor any taxicab licensed by any town official, until an insurance policy covering the taxicab in the above set forth amounts and paid up for not less than six months, or other satisfactory proof of paid up insurance coverage has been filed with the Finance Director or the Public Safety Director.
(B) If, for any reason, the insurance coverage, or any part of it, on any vehicle should be cancelled, or if it should not be renewed so as to provide continuous coverage at the end of the six months’ paid-up period, the town license for the operation of the vehicle as a taxicab shall automatically be suspended at the same time as the cancellation or lapse of the insurance, and it shall be unlawful and a violation of this chapter to operate the vehicle as a taxicab for the transportation of passengers for hire until insurance in the required amount has been reinstated thereon. Notice of cancellation, lapse or reinstatement of any insurance policy on any taxicab must be given to the Finance Director or Public Safety Director by the owner of the taxicab or by the insurance company or agency handling the insurance coverage.
(C) Each day of operation of a taxicab without insurance or a town license shall constitute a separate offense and shall be punishable as provided in § 10.99.
(1995 Code, § 7-4002) (Ord. passed 12-28-1959)