§ 15-5-5. Taxicab Owners Must Carry Liability Insurance.

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It shall be unlawful for the registered owner to operate or permit to be operated a taxicab, as defined herein, nor shall any license for a taxicab be issued hereunder, until and unless the applicant for license deposits with the City Licensing Officer a policy or certificate of liability insurance for each taxicab for which license is sought; said policy or certificate of liability insurance shall be issued by a company authorized to do business in the State of New Hampshire, indemnifying the applicant in the sum of at least three hundred thousand dollars ($300,000.00) liability for each accident, and one hundred thousand dollars ($100,000.00) for property damage in any one accident. The policy of insurance shall contain a clause obligating the company issuing the same to give a ten-day written notice to the City Licensing Officer before cancellation thereof. The license for the operation of such taxicab shall expire upon the lapse or termination of said policy.

(1-9-84; Ord. No. 2891, § V, 9-10-12)

                    
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