Taxicab policy of insurance shall also contain an endorsement providing that the policy
shall not be canceled or materially modified until notice in writing has been given
to the Finance Director, at least thirty (30) days immediately prior to the time such
cancellation or material modification becomes effective. Furthermore, such policy
of insurance shall name the City, its mayor, officers, agents and employees as additional
name insureds. Additionally, a taxicab owner and driver shall indemnify, defend and
hold harmless the City, its mayor, its officers, agents and employees from claims
arising from or alleged to arise from the operation of the taxicab owner or driver.
