§ 8-113. Insurance required.

(a)

Certificate of liability insurance. It shall be unlawful to operate a vehicle for the conveyance of passengers for hire, or permit the same to be operated, nor shall any license be issued hereunder, until and unless the applicant for a license deposited with the city clerk a certificate of liability insurance for the vehicles for which licenses are sought, said certificate of liability insurance to be acceptable and approved by the city clerk and issued by a company authorized to do business in the state, indemnifying the applicant:

(1)

In the amount of $500,000.00 for damage to property;

(2)

In the amount of $500,000.00 for injury to one person; and

(3)

In the amount of $1,000,000.00 for injury to more than one person;

caused by the operation of said vehicles in the city.

(b)

Cancellation; violation. Each taxicab insurance policy shall contain a provision that the same may not be cancelled before the expiration of its term, except upon 30 days' written notice to the city. Every day upon which any vehicle is operated for the conveyance of passengers for hire or when taxicab or similar transportation is offered to the public without an insurance policy as required herein being in effect and on file with the city clerk shall be deemed a separate violation. The cancellation or other termination of any insurance policy issued in compliance with this section shall automatically revoke and terminate all licenses issued for the taxicab covered by such insurance policy, unless another policy shall be provided and in effect at the time of such cancellation or termination.

(Code 1993, § 7-7-2; Ord. No. 96-04, 2-13-1996)

State law reference

Requirements as to policy or bond, Wis. Stats. § 344.15.