A.
Applications for licenses for taxicab vehicles and public hacks shall be made by the owner of the company license upon application forms provided by the Director of the Planning Department. Such applications shall contain the following information.
(1)
Name and address of the applicant and, where the applicant is not a natural person, the name and address of all owners or participants in ownership of the legal entity and all officers, directors or others in like position, whatever their title is.
(2)
The year, type and model of the vehicle for which the license is desired.
(3)
The number of persons the vehicle is capable of carrying.
(4)
Such further information as the Planning Director may require.
(5)
No taxicab vehicle license or public hack shall be licensed by the Planning Department until it has been thoroughly and carefully inspected and examined by the Police Department and found to be in a thoroughly safe condition for transportation of passengers; clean, fit and well-painted.
(6)
The owner of the taxicab issued license must file with the Planning Director an insurance policy by an admitted insurance company. The policy must satisfy all claims for damages, by reason of bodily injury or death of, any person(s), or damages to property resulting from or on account of the accident by reason of the ownership, operation, maintenance or use of such taxi upon any public street. The policy must provide the greater of:
Not less than $35,000. of motor vehicle liability insurance coverage or the amount required by N.J.S.A. 39:6B-1, as it may be amended, maintenance of vehicle liability insurance coverage for example N.J.S.A. 39:6B-1 currently requires coverage shall be at least in: (1) an amount or limit of $15,000., exclusive of interest and costs, on account of injury to, or death of, one person, in any one accident; and (2) an amount or limit, subject to such limit for any one person so injured or killed, of $30,000. exclusive of interest and costs, on account of injury to or death of, more than one person, in any one accident; and (3) an amount or limit of $5,000., exclusive of interest and costs, for damage to property in any on accident. The owner of the taxicab may, at their discretion, obtain additional motor vehicle liability insurance coverage from a company licensed outside New Jersey.