§ 587.14. Liability protection required.

No vehicle for hire owner's license shall be issued or renewed by the Director without evidence of liability protection. It shall be unlawful to operate or permit the operation of any vehicle for hire until the owner of the vehicle has deposited and maintained on deposit with the Director, evidence of liability protection. The liability protection limit shall not be less than the amount listed below for the specific vehicle for hire to be licensed for liability imposed by law for damages on account of bodily injuries, death or property damages (other than injuries, death or property damages of the owner or vehicle for hire driver) in any one (1) accident resulting from the ownership, maintenance or use of each such vehicle for hire:

(a)

Three hundred thousand dollars ($300,000.00) for taxicabs;

(b)

Three hundred thousand dollars ($300,000.00) for pedicabs;

(c)

Five hundred thousand dollars ($500,000.00) for livery vehicles; and

(d)

Three hundred thousand dollars ($300,000.00) for horse carriages.

(Ord. No. 1548-2013, § 2, 7-1-2013; Ord. No. 0740-2014, § 9, 3-31-2014)