Before any franchise shall be issued under the terms of this
article to any holder, or before any franchise shall be renewed, the
holder shall file with the city secretary and thereafter keep in full
force and effect a policy of public liability insurance approved by
the city manager and executed by an insurance company duly authorized
to do business in the state, and performable in this county, insuring
the public against any loss or damage that may result to any person
or property from the operation of the taxicab or taxicabs covered
or to be covered by such franchise.
(1974 Code of Ordinances, Chapter 30, Sec. 30-30)
The minimum amount of insurance liability shall never be less
than the amount established by the statutes of the State of Texas
under the Texas Safety Responsibility Act or amendments thereto.
(1974 Code of Ordinances, Chapter 30, Sec. 30-31)
In the event that any insurer desires to be released from any
insurance filed under the provisions of this article, it may give
written notice of such desire to the city secretary at least thirty
(30) days before it desires its liability released, and the city secretary
shall thereupon give written notice by personal delivery or by mail
to the insured and demand that he furnish new assurance before the
expiration of the thirty (30) day period provided for. In the event
any policy is so cancelled upon the request of the insurer and no
insurance policy is filed before the cancellation of the original
policy, the franchise to operate taxicabs granted to the holder shall
be automatically revoked.
(1974 Code of Ordinances, Chapter 30, Sec. 30-32)
Neither the city nor any officer thereof shall be held liable
for the pecuniary responsibility or solvency of any insurer under
the provision of this article, or in any manner become liable for
any sum or account of any such claim or act or omission relating to
the insured vehicle, nor shall the liability of the holder and owner
of any such vehicle be in any manner limited or changed by reason
of the provisions of this article, but the judgment creditors having
causes of action secured thereby shall be authorized to sue directly
on such policy of insurance without impleading the city, and all persons
known to any insurer to have been injured or damaged in the same accident
and claiming damages thereunder may be made parties without priority
of claim on payment in any suit had or instituted on account of such
matters.
(1974 Code of Ordinances, Chapter 30, Sec. 30-33)
