A. 
It is unlawful to operate any vehicle, as defined in Section 5.84.010 hereof, unless there shall be filed with the City Manager of the City a liability insurance policy issued by a solvent corporation holding a certificate of authority to do insurance business in the State, which policy shall conform in all respects to the requirements of this section and which meets the approval of the City Attorney. In lieu of filing the insurance policy herein referred to, a certificate of insurance issued by an insurance corporation meeting the approval of the City Attorney may be filed. The certificate must show that a policy meeting the requirements of this section has been issued and shall set forth the expiration date of such policy. The liability policy required under this section shall insure against loss from the liability imposed by law for injury to or death of any person or damage to any property caused by the operation of any vehicle operated under the provisions hereof in the following amounts,:
1. 
$100,000.00 for death or injuries to any one person in any one accident;
2. 
$300,000.00 for death or injuries to any two or more persons in any one accident or occurrence;
3. 
$100,000.00 for damage to property of others.
B. 
The policy of insurance so provided shall contain a provision that such policy may not be cancelled or reduced in amount except after 30 days' notice in writing to be given to the City Manager of the City.
(Prior code § 10-054.1)