§ 24-38. Insurance requirements and endorsement.

(a)

Every holder of a business license to conduct the operation of a taxicab or vehicle for hire business within this city shall at all times maintain and carry for each taxicab or vehicle licensed to be operated a policy of liability insurance in accordance with Missouri's Motor Vehicle Financial Responsibility Law.

(b)

Certificate. A certificate evidencing insurance coverage as above shall be provided by the licensee to the city. The city shall be named an additional insured for all coverages except the worker's compensation coverage, and an endorsement of same shall be submitted with a certificate. It shall be the licensee's responsibility to keep the insurance coverage in full force and effect during the term of the contract. Such certificate shall provide that thirty (30) days' advance written notice shall be given to the city in the event of any change in, or cancellation of, such insurance.

(c)

Paragraph (a) above will become effective on December 1, 2003 and paragraph (b) above will become effective on March 1, 2000.

(Ord. No. 11408, § 2, 9-20-99; Ord. No. 11430, § 1, 2-7-2000; Ord. No. 11644, §§ 1, 2, 12-1-2003)