(a) It shall be unlawful to operate a taxicab or limousine, or permit the same to be operated, nor shall any permit be issued hereunder until and unless the applicant for such permit, in addition to all other requirements in this article, shall file and maintain with the director for each taxicab or limousine to be operated, a policy or certificate of liability insurance issued by a company authorized and licensed by this state or a certificate of self-insurance issued by this state.

    (b) The owners or operators of a taxicab business or limousine service shall deliver annually to the business license administrator a policy or policies or certificate or certificates of liability insurance issued by a company authorized and licensed to do insurance business in this state, covering each taxicab or limousine for which a permit is sought or a certificate of self-insurance issued by this state.

    (c) Each certificate or policy shall be acceptable to and approved by the director.

    (d) Each certificate or policy shall indemnify the owner or operator in the minimum in those amounts and for those incidences required by the "Motor Vehicle Safety Responsibility Law" of this state.

    (e) The policy shall further contain a clause obligating the insurance company to give thirty (30) days' written notice to the business license administrator before cancellation of the policy, the permit to expire upon the lapse of such policy or certificate, or termination of the same by cancellation; unless, within thirty (30) days, in case of notice of cancellation by the insurance company, the holder of a permit shall furnish to the business license administrator another policy acceptance to the director.

    (f) The permit holder shall maintain records of all claims for bodily injury or property damage, whether covered by insurance or within the allowed self-insured amount, which shall include:

    (1)    The name and address of the claimant.

    (2)    The date the permit holder was notified of the claim.

    (3)    The date of the incident giving rise to the claim.

    (4)    The location of the incident.

    (5)    The current status of the claim.

Such records shall be made available for inspection by the director during regular business hours in the office of the permit holder for a period of one year after final disposition of each claim.

(Ord. No. 12094, § 1, 12-12-88)