9.52.070 Insurance requirements.
A. Motor Vehicle Liability Policy--Required.
1. It is unlawful to operate any vehicle for hire in the City unless there is on file with the City a valid motor vehicle liability insurance policy, covering such vehicle for hire, the taxicab business owner, any and all drivers of such vehicles whether employees, lessees or others, issued by a solvent corporation holding a certificate of authority to do insurance business in the state and naming the City as an additional named insured. This policy shall conform in all respects to the requirements of this chapter and shall insure against uninsured motorist, underinsured motorist and loss arising out of the liability imposed upon such owner or driver for injury to, or death of any person, or damage to property arising out of the maintenance, operation or ownership of any taxicab or vehicle for hire.
2. Such policy shall be maintained in the minimum amounts of one hundred thousand dollars for liability arising out of the injury to or death of any one person; three hundred thousand dollars for liability arising out of any one accident resulting in injury to or death of more than one person; and twenty-five thousand dollars for liability arising out of any one accident resulting in damage to property of another.
B. Surplus Lines Insurance--No Certificate of Authority to Do Business in State--Exception if Agree to California Jurisdiction.
1. If the insurance company issuing such policy of insurance does not hold a certificate of authority issued by the insurance commissioner of the state to do business in the state, such certificate shall have endorsed thereon an endorsement executed by the company issuing such policy, which endorsement shall be substantially as follows:
It is agreed that in the event of dispute as to the validity of any claim made by the assured under this certificate of insurance, or in the event of any suit instituted by the assured against the company upon this contract, the company hereon will submit to the jurisdiction of the courts of the state of California, and will comply with all legal requirements necessary to give such courts jurisdiction, and for this purpose said company hereby appoints at ____________ Street, California, its agents for the purpose of service of process; and in any suit instituted by the assured against the company upon this contract, the company will abide by the final decision of the courts of said state and settle accordingly.
2. Before any policy of insurance with Lloyd’s of London will be accepted, the following conditions must be complied with:
(a) Documentary evidence must be filed with the City that all of the Lloyd’s underwriters have appointed agents to bind them (the underwriters) on insurance policies to be submitted to the City.
(b) Documentary evidence must be filed with the City showing that all underwriters accepting percentages of insurance in California have authorized some person to accept service of process on their behalf, so that a judgment may be obtained in this state against the various underwriters. (Ord. 7215-NS § 6, 2011: Ord. 6325-NS § 9, 1996)