All owners and operators of taxicabs operated within the town shall procure and maintain upon each taxicab owned and operated by him or her within the town, liability insurance with some insurance company licensed to do business in the state in a minimum amount of $100,000 for one person and $300,000 for more than one person for the protection of all passengers transported against personal injuries and $50,000 property damage, against liability for damages to the person and property of others.
(1992 Code, § 113.06) (Ord. O-50-05119798, passed 5-11-1998) Penalty, see § 10.99