Cross Reference — Licenses, ch. 605.
[Ord. No. 664 §1, 7-7-1953; CC 1976 §32-1]
It shall be unlawful for any person to operate a taxicab, bus or other vehicle hauling a person for hire, except vehicles operating under the jurisdiction of the Division of Transportation of the Department of Economic Development, within the City without first having such vehicle insured in some solvent insurance company licensed to do business in the State against damages to persons and property as follows:
Insurance shall be for any liability incurred resulting from the ownership, use or operation of the motor vehicle involved in any one (1) accident causing bodily injury or death of any one (1) person in the amount of twenty-five thousand dollars ($25,000.00) subject to that limit for any one (1) person injured or killed; in the amount of fifty thousand dollars ($50,000.00) for bodily injury to or death of two (2) or more persons in any one (1) accident, and for damage to property in the amount of ten thousand dollars ($10,000.00) resulting from any one (1) accident.
[Ord. No. 664 §2, 7-7-1953; CC 1976 §32-2]
It shall be the duty of any person operating a taxicab, bus or other vehicle hauling persons for hire within the City to exhibit the insurance policy required in Section 640.010 to the City Clerk at the time application is made for the license required by the ordinances of the City, and no license shall be issued by the City Clerk unless said insurance policy is in full force and effect.
The City Clerk shall make note of the date of expiration of such policy of insurance and notify the City Marshal/Chief of Police if such policy shall be permitted to expire without renewal or extension of insurance in some other solvent insurance company licensed to do business in the State.