§ 32-8. Insurance required.

(a)

Any applicant for a permit required under this chapter shall, before the permit can be issued, procure, maintain and furnish proof of financial responsibility as required by law and as prescribed in this section. The applicant shall keep in full force and effect during the entire term of his permit a policy of commercial auto liability insurance, insuring the public against any loss or damage that may result to any person or property from the operation of such vehicle. Such coverage shall be in amounts that are no less than the minimum coverage specified in the Texas Motor Vehicle Safety Responsibility Act as now in force or hereafter amended. Insurance coverage means an insurance policy or a certificate of insurance covering all taxicabs of the insured, insured by a company licensed to do business in the state. The insurance company shall be of sufficient assets, with an agent in the state upon whom service of process may be made, and shall be approved by the city attorney. Every insurance policy and certificate of insurance must contain a provision or an endorsement requiring that the chief of police or his designee shall be given at least thirty (30) days' written notice prior to the date of cancellation before such policy may be canceled by the insurer for any cause.

(b)

If the city attorney determines that the public liability and property damage insurance policy provided for in subsection (a) of this section has become impaired and requires new and additional insurance, the city attorney shall require such additional insurance in such company as he may feel is required to insure a faithful performance by the operator of taxicabs and his agents, servants and employees, as well as a payment by such operator of taxicabs, his agents, servants and employees or because of the violation by the operator of taxicabs, individually or through his agents, servants or employees, of any city ordinance or any of the laws of the state or of the United States.

(c)

If the insurance policy is canceled and no insurance policy is filed by the owner or taxicab operator before the cancellation, the permit to operate taxicabs granted to such person shall be automatically revoked.

(Ord. No. 543-8, § 1, 7-22-13)