110-78 Amend 769.05 (a) Business - Insurance for Taxi's

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ORDINANCE NO. 110-78 BY :Brockm~n, Brown,Chinnock ,Magnotto, McBride ,Salmon, Wendling AN ~{FJ~GENCY ORDINANCE amending Paragraph (a) of Section 769.05 of the Business Regulation Code of the Codified Ordinances of the City of Lakewood relating to the nature an.d extent of insurance coverage required to be furnished by taxicab companies operating taxicabs within the City of Lakewood. WHERFAS, on February 22, 1977 this COuncil revised upward the insurance coverage to be required by taxicab companies operating within .the City of Lakewood, and WHEP~AS, included in the revised coverage was a requirement that medical pay coverage in the amount of Five Thousand Dollars ($5,000.00) for each person be maintained, and WHEREAS, subsequent to the adoption to the aforementioned ordinance, Council has learned that, although Such medical pay coverage is perhaps desirable, smaller companies and individual operators are finding it practically impossible to obtain same at reasonable cost, and ~IEtlEAS, this Council is of the opinion that such coverage places an undue burden upon individual taxicab operators and the smaller companies and that no substantial harm would result from deleting the requir~nent of medical pay coverage for taxicab operators, and WHEREAS, this ordinance constitutes an emergency measure providing for the public health, safety and welfare and for the usual daily operation of a n~anicipal department; now, therefore, OF OHIO: BE IT ORDAINED BY THE C~NCIL OF THE CITY OF LAK~VOOD, STATE Section 1. That Paragraph (a) of Section 769..05 of the Business Regulation Code of the Codified Ordinances of the City of Lakewood which now reads as follows: 769.05 INDF~ITY (a) No certificate shall be issued, nor shall any taxicab be operated on the streets of the City until such taxicab company has filed with the Director a casualty insurance policy in an insurance compm~y having not less than a rating of "A" and not less than Class XIV ms rated in the current issue of Best's Rating Book, subject to th8 approval of the Director. Such policy shall protect such taxicab company from claims in an amount not less than the following limits: Bodily Injury Liability; one hundred thousand dollars ($100,000) for injury or death to one person, three hundred thousand dollars ($300,000) for injury or death for each occurrence; Property Damage Liability: one hundred thousand dollars ($100,000) for each occurrence; Automobile Medical Payments Coverage: five thousand dollars ($5,000) for each person; Uninsured Motorists Coverage in the amount of one hundred thousand dollars ($100,000) for injury or death to one person and three hundred thousand dollars ($300,000) for injury or death for each occurrence. be and the same is hereby amended to'read as follows: 769.05 INDEMNITY (a) No' certificate shall be issued, aor .shall any taxicab be operated on the streets of the City until such taxicab company has filed with the Director a casualty insurance policy ~n an insurance company having not less than a rating of "A" and not less than Class XIV as rated in the current issue Of Best's Rating Book, subject to the approval of the Director. Such policy shall protect such taxicab company from clain~ in an amount not less than the following limits: R.~tily Injury Liability: one hundred thousand dollars ($100,000) for injury or death to one per~.~on,