§ 76-162. Amount; conditions.

Taxicabs, livery vehicles, pedicabs and sightseeing vehicles.

(1)

The vehicle permit holder or applicant for vehicle permits under this article shall maintain liability insurance with liability limits of at least $50,000.00 for injury to, or death of, one person, by reason of the carelessness or negligence of the driver or operator of such vehicle, and $100,000.00 for injury to, or death of, more than one person, resulting from a single accident, by reason of the carelessness or negligence of the driver or operator of such vehicle, and $25,000.00 for damage to property, including baggage or other property of a passenger carried in or on the vehicle, resulting from any single accident, by reason of the carelessness or negligence of the driver or operator of such vehicle, with a deductible, if any, not to exceed $500.00 and $50,000.00 for uninsured motorist coverage for passengers as that coverage is required in RSMo § 379.203. The vehicle permit holder or applicant for vehicle permits under this article shall agree to indemnify the city to the full policy limits, less any paid claims on the policy. All claims shall be referred to the insurance company for handling by an authorized claims representative.

(2)

Insurance shall be carried by an insurance company which has been duly licensed or approved to write insurance in the State of Missouri and shall be kept and maintained continually in force and effect so long as the applicant shall be licensed to operate on the streets of the city. The liability insurance required to be maintained under the provisions of this section shall be a policy under which the insurance company obligates itself to handle claims under the coverage thereof and to indemnify the vehicle permit holder and the driver or operator of the vehicle and pay to the claimant all amounts which the insured becomes legally obligated to pay under the policy, in excess of any applicable deductible. A certificate of insurance reflecting all endorsements shall be filed with the director, who shall have the authority to require a true copy of the insurance policy at his discretion.

(3)

The liability insurance policy shall contain a separate endorsement requiring the insurance company to notify the director in writing of any change in coverage, or cancellation of the policy, at least ten days prior thereto.

(4)

A valid certificate of insurance issued by a company providing the required insurance policy shall be available for inspection by the vehicle permit holder. The certificate shall include all of the following:

a.

The full name of the insurer;

b.

The name and address of the insured;

c.

The insurance policy number;

d.

The type and limits of coverage;

e.

The specific vehicles insured;

f.

The effective dates of the insurance policy; and

g.

The certificate issue date.

(Ord. No. 150203 , § 2, 4-9-15; Ord. No. 150314 , § 1, 4-23-15; Ord. No. 160938 , § 1, 2-16-17; Ord. No. 170460 , § 1, 7-13-17; Ord. No. 180606 , § 1, 12-20-18)