§ 27-152. Automobile/motorcycle liability insurance required.

(a)

Before a business tax receipt is issued to any person or business entity that intends to operate U-Drive-It vehicles, whether passenger car or truck, that person or entity shall provide the city Finance Department with a certificate of insurance providing proof of automobile/motorcycle liability (bodily injury and property damage) insurance for each vehicle operated in the following amounts:

Bodily Injury Liability Policy Amount	Property Damage Policy Amount
$100,000 per person/$300,000 per occurrence	$100,000 per occurrence

 

(b)

The above provision shall also apply with respect to U-Drive-It motorcycles, motor scooters, and motorbikes, except that the liability limits for these vehicles shall be:

Bodily Injury Liability Policy Amount	Property Damage Policy Amount
$100,000.00 per person/$300,000.00 per occurrence	$25,000.00

 

(c)

All such damage automobile/motorcycle liability insurance policies shall be written by companies having B or better rating (as defined in A.M. Best's Insurance Guide) and authorized to transact business in the state.

(d)

Such certificate shall be submitted to the city Finance Department and the insurance shall be kept in full force and effect by the applicant at all times. Failure to file a current certificate with the city Finance Department or to keep the insurance in full force and effect shall automatically cancel and void the payment of the business tax.

(Code 1953, § 42-76; Ord. No. C-73-136, § 2, 12-18-73; Ord. No. C-06-45, § 18, 1-4-07 ; Ord. No. C-14-20, § 18, 4-15-14 )