§ 587.16. Insurance.

Evidence of liability protection may be furnished by filing with the Director a policy of insurance in the amount of not less than the amount listed below for the specific vehicle for hire to be licensed, known as combined single limit insurance coverage, of an insurance company duly licensed to transact such business in the state of Ohio or of an insurance company not authorized to transact business in this state, provided such insurance is written through a citizen of the state duly licensed as provided by Ohio Revised Code 3905.30 et seq., insuring the owner of a vehicle for hire and any person operating that vehicle in the City as a vehicle for hire and agreeing to pay any judgment creditor, to the extent specified in such policy, any final judgment rendered against the insured or operator by reason of such liability as provided in Section 587.14:

(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)