§ 587.18. Insurance cancellation.  


Latest version.
  • (a)

    The insurance policy as provided in Section 587.16 must provide for written notice of cancellation by the insurer to the Director but this provision shall not be construed to waive any lawful notice which the insurer must give to the insured.

    (b)

    The owner or a designee shall provide notice of cancellation of insurance to the Director at least seven (7) days prior to the day of cancellation and, at the time of cancellation, voluntarily surrender the Vehicle for Hire Owner's License and decal for which the cancellation is effective. If the license is voluntarily surrendered, the Director may, upon the filing of proof of insurance required by Section 587.15, and its approval by the City Attorney, reinstate such license.

    (c)

    If an owner shall fail to comply with the requirements of Section 587.18(b) prior to the Director receiving notice from the insurer of such cancellation, the Director may suspend the license of any vehicle covered by said policy. If proof of insurance is given prior to the effective date of the suspension, the suspension can be waived by the Director.

    (d)

    Upon the effective date of the suspension, the owner must surrender the license and decal for each vehicle not covered by an insurance policy. The Director may reinstate such license upon the filing of proof of insurance required by Section 587.15, its approval by the City Attorney, the reinspection of each vehicle covered by the policy, and the payment of any fees required by reinstatement.

    (e)

    The owner shall notify the License Section within ten (10) days of the removal of a licensed driver from the insurance coverage by the insurer.

(Ord. No. 1548-2013, § 2, 7-1-2013)