§ 10:206. Insurance required.

(a)

Before any permit shall be approved by the taxicab control board, the applicant shall file with the taxicab control board a policy of liability insurance issued by an insurance company qualified to do business in the state, or if not so qualified, then a policy issued in accordance with the provisions of section 27.07 of Act 195 of 1948 (Insurance Code of Louisiana). Such policy shall contain conditions and stipulations as hereinafter set forth, and shall be approved in writing as to both form and content by the parish attorney.

Any policy of public liability insurance issued in compliance herewith shall be for a term of not less than six (6) months and for each vehicle or pedicab shall afford protection to any third person sustaining injury or damage as a result of the negligent operation of the vehicle, with the amounts set forth in R.S. 45:200.4; and each policy shall, by its terms, provide that written notice be given to the taxicab control board as to any cancellation or termination of the policy. If a certificate holder operates more than one (1) vehicle, he may file a blanket policy in accordance with the provisions of R.S. 45:200.5. The operation of any vehicle carrying passengers for hire within the city-parish without having in force the public liability policy described herein is hereby declared to be a violation of this chapter, subjecting the certificate holder to all penalties provided in this chapter. To the extent that Louisiana Revised Statutes Title 45 may not cover pedicabs or pedicab companies, pedicabs and their operators licensed by the city-parish must provide insurance coverage comparable to or in excess of the statutory requirements of Title 45 as a condition of operation in the city-parish.

(b)

Any certificate holder, in lieu of providing the public liability insurance policy hereinabove set forth, may be self-insured in accordance with the provision of R.S. 45:200.4. To the extent that Louisiana Revised Statutes Title 45 may not cover pedicabs or pedicab companies, pedicabs and their operators licensed by the city-parish must provide insurance coverage comparable to or in excess of the statutory requirements of Title 45 as a condition of operation in the city-parish.

(c)

In the case of associations, as defined in this chapter, in addition to providing evidence of insurance coverage for each vehicle, such association shall provide evidence of a policy of excess liability insurance issued in the manner and containing the same conditions and limitations as provided for public liability insurance hereinabove provided, except that the limits and terms of liability shall be fixed as follows:

The excess coverage insurance shall provide that the insurer shall be liable for any and all claims for bodily injury or damage over and above the coverage per vehicle afforded by the insurance protection provided in subsections (a) and (b) hereof, up to the amount of five thousand dollars ($5,000.00) total liability for any one (1) accident. If the association cannot furnish excess liability insurance as hereinabove provided, then the association may deposit with the director of finance an additional cash or property bond in the sum of five thousand dollars ($5,000.00), under the condition that such cash or property bond shall be recoverable by a third party only in the event that the insurance required for each vehicle shall be canceled or prove inadequate to compensate a third party for damages.

(Ord. No. 9152, § 1, 9-26-90; Ord. No. 11140, § 9, 5-13-98; Ord. No. 15001, § 2, 10-13-10)