Part 5 — INSURANCE REQUIREMENTS

A.

The holder of a taxicab license, at its sole cost and expense, shall obtain and maintain throughout the term of its taxicab license, or any renewal thereof, all of the insurance requirements as may be presently or in the future required by any financial responsibility laws of the State of California.

B.

The insurance requirements shall be referred to in and made a part of the application for a taxicab license. The city's risk manager shall notify in writing all applicants or holders of taxicab licenses of any modifications of the insurance requirements.

C.

All policies and coverages required by this section are subject to approval by the risk manager as to content and form. No license newly issued or renewed shall be valid until such approval is issued in writing to the chief of police by the risk manager.

D.

A true, certified and correct copy of the entire policy, including copies of all endorsement made a part thereof, shall be mailed to the Risk Manager, City of San José, 801 North First Street, San José, California 95110, directly from the authorized agent, broker or insuring company for each policy required under this chapter. All policies shall be on file and effective at the time the taxicab license is issued or renewed.

E.

If at any time the entire insurance policy or any portion thereof expires without immediate proof of renewal, the taxicab license shall be immediately suspended. The chief of police is hereby authorized to enforce such suspension upon receiving written notice from the risk manager that no proof of renewal or reinstatement has been submitted by the holder of a taxicab license.

F.

If at any time in the judgment of the risk manager, said policies or coverages are not sufficient for any cause or reason, the risk manager may require the holder of a taxicab license to replace said policies or coverages within ten days with other policies or coverages acceptable in accordance with this section. If the holder of a taxicab license fails to do so, the taxicab license shall be automatically suspended at the expiration of the ten-day period until such time as said policies or coverages are properly replaced.

G.

The taxicab license issued under this chapter shall be automatically revoked upon the cancellation of the insurance policies or coverages required under this section. The reinstatement of insurance policies or coverages after a third cancellation within a twelve-month period shall not obligate the city to renew the taxicab license upon request to do so.

H.

Prior to the issuance of a taxicab license, and at the annual renewal thereof, the applicant or holder of a taxicab license shall submit to the risk manager a signed agreement to indemnify, hold harmless and defend the City of San José, its officers, employees and agents, in a form approved by the city attorney.

I.

Should the insurance coverage for any particular vehicle(s) be revoked or cancelled, such vehicle(s) shall be taken out of service immediately.

(Prior code §§ 6441 - 6443; Ords. 19311, 20622, 22459, 29707.)