A. Before any permit is issued for any taxicab, the applicant shall furnish one or more policies or certificates of liability insurance issued by or on behalf of an insurance company that is an authorized insurer or that is placed by a surplus lines broker. If surplus lines insurance is issued, it shall be from an insurer rated A or better by A.M. Best or a comparable rating by a nationally recognized statistical rating organization by the National Association of Insurance Commissioners, and listed by the State of Alaska, Division of Insurance, as an eligible surplus lines insurer. For purposes of this section an "authorized insurer" and "surplus lines broker" shall have the meaning set forth in AS
21.97.900.
B. The insurance required by this section for vehicles with a manufacturer's rated seating capacity (or, if a minivan, the seating capacity after seat removal to accommodate baggage) of seven persons or less shall provide coverage as follows:
1. For all bodily injury or property damage arising from one accident: Bodily injury $100,000.00 per person, $300,000.00 aggregate; property damage $50,000.00 per occurrence; and
2. For all bodily injury or property damage in any one accident caused by an uninsured or underinsured motorist: Bodily injury $100,000.00 per person, $300,000.00 aggregate; property damage $50,000.00 per occurrence.
C. The insurance required by this section for vehicles with a manufacturer's rated seating capacity (or, if a minivan, the seating capacity after seat removal to accommodate baggage) of eight persons or more shall provide coverage as follows:
1. For all bodily injury or property damage arising from one accident: Bodily injury $100,000.00 per person, $700,000.00 aggregate; property damage $50,000.00 per occurrence; and
2. For all bodily injury or property damage in any one accident caused by an uninsured or underinsured motorist: Bodily injury $100,000.00 per person, $300,000.00 aggregate; property damage $50,000.00 per occurrence.
D. The policy or policies of liability insurance shall be approved by and filed with the transportation inspector. Insurance policies shall be issued for periods of not less than one year. Permittees shall be allowed to suspend insurance coverage on vehicles idle from service on a month-to-month basis so long as reasonable prior notice is given to the dispatch service and the transportation inspector. Reasonable prior notice is as defined in section
11.40.040B.
E. Every insurance policy or certificate shall contain a clause obligating the insurer or surety to give the transportation inspector written notice no less than 30 days before the cancellation, expiration, nonrenewal, lapse, or other termination of such insurance. An allowed idling of a vehicle on a month-to-month basis when insurance is suspended is not a cancellation, expiration, nonrenewal, lapse or other termination if the insurer agrees the insurance coverage is only suspended and will continue when the covered vehicle is returned to active service. A lapse, cancellation, expiration, nonrenewal, or termination of insurance coverage shall result in an automatic suspension of any permit for so long as the permittee is without insurance as required by this section, and it shall be a violation of this chapter to provide taxicab service with a vehicle not insured as required by this section. The insurance policy shall list as a certificate holder:
Municipality of Anchorage Transportation Inspection Division P.O. Box 196650 Anchorage, Alaska 99519 |
(AO No. 57-75; AO No. 78-177; AO No. 79-58; AO No. 80-19(S); AO No. 81-149; AO No. 81-167; AO No. 85-87; AO No. 87-8; AO No. 87-126(S); AO No. 89-63; AO No. 98-51(S), § 2, 5-4-1999; AO No. 2000-107, § 2, 7-25-2000; AO No. 2005-102, § 1, 8-30-2005; AO No. 2013-109(S-1), § 2, 12-3-2013; AO No. 2018-6(S), § 2, 4-10-2018; AO No. 2026-16(S), 2-17-2026)