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ORDINANCE 965ORDINANCE NO. 965 AN ORDINANCE OF THE CITY OF EL SEGUNDO, CALIFORNIA, AMENDING SECTION 5.16.250 OF THE EL SEGUNDO MUNICIPAL CODE WHICH SAID SECTION RELATES TO INSURANCE FOR TAXICABS AND VEHICLES FOR HIRE. THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, DOES ORDAIN AS FOLLOWS: SECTION 1. Section 5.16.250 of Chapter 5.16 of the El Segundo Municipal Code is amended to read as follows: 5.16.250 OPERATION PERMIT -- INSURANCE. Before any permit required by Section 5.16.230 is issued for any vehicle defined in Section 5.16.010, the owner shall be required to file with the City Council, and thereafter keep in full force and effect evidence of insurance. Evidence of insurance shall consist of one of the following: (1) A policy of insurance in such form as the City Council may deem proper, and executed by an insurance company approved by the City Council, insuring the pub- lic against any loss or damage that may result to any person or property from the operation of the vehicles; provided, that the minimum amount of recovery in the policy of insurance specified shall not be less than the following sums: For the injury to any one person, or the death of any one person, in any one acci- dent or occurrence .............$250,000.00 For the injury to two or more persons, or the death of two or more persons, in any one accident or occurrence....... ........... ....................$500,000.00 For the injury or destruction of property in any one accident ............ $100,000.00 All liability insurance policies shall bear an endorse- ment or shall have attached a rider whereby it is provided that, in the event of expiration or proposed cancellation of such policies for any reason whatsoever, the city clerk shall be notified by registered mail not less than thirty days before expiration or cancellation is effective; or (2) A certificate of self- insurance issued by the Department of Motor Vehicles of the State of California pursuant to Section 16053 of the Vehicle Code of the State of California together with such financial statements and certificates of self- insurance that are necessary to establish to the City Council's satisfaction reasonable ability to respond to the minimum recoveries heretofore required for permittees to carry insurance. Such certi- ficates and financial statements when approved by the City Council shall constitute compliance with the requirements of this section. It is unlawful for any owner to operate or cause to be operated any vehicle without having evidence of insurance as described in this section in full force and effect at all times during the operation of the vehicles. The Council may limit the self- insurance retention to an amount consistent with the permittee's financial condition and require the permittee to maintain excess insurance coverage in an amount that will meet the require- ments of this section. SECTION 2. This ordinance shall become effective at midnight on the thirtieth day from and after the date of the final passage and adoption thereof. SECTION 3. The City Clerk shall certify to the passage and adoption of this ordinance; shall cause the same to be entered in the book of original ordinances of said city; shall make a minute of the passage and adoption thereof in the records of the meeting at which the same is passed and adopted; and shall within fifteen days after the passage and adoption thereof, cause the same to be published once in the E1 Segundo Herald, a weekly newspaper of general circulation, published and circulated within said City of E1 Segundo and which is hereby designated for that purpose. PASSED, APPROVED and ADOPTED this 19th day of December 1978. ATTEST: City Clerk (SEAL) a� Mayor of the City of El Segundo, California - 2 - `7V STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) I, VA�ERIE,A, BURROWE$. , . , .. , , , , , , , I City Clerk of the City of El Segundo, California, do hereby certify that the whole number of members of the City Council of the said City is five; that the foregoing ordinance, being Ordinance No. ,965, . . is a full, true and correct original of Ordinance No. ..... of the said City of El Segundo, California, entitled: AN ORDINANCE OF THE CITY OF EL SEGUNDO, CALIFORNIA, AMENDING SECTION 5.16.250 OF THE EL SEGUNDO MUNICIPAL CODE WHICH SAID SECTION RELATES TO INSURANCE FOR TAXICABS AND VEHICLES FOR HIRE which was duly passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the . 19th , , , day of .. PP99rPbgr , , , , , , , 1978........ , and that the same was so passed and adopted by the following vote: AYES: Councilmen ..Benson,, Bue, Nagel{ Van Vranken and Mayor Balmer ............ ..............................I NOES: Councilmen .. NpPB ...... ............................... ABSENT: CDVPSUrPSP.... No ne ...... ............................... I do hereby further certify that pursuant to the provisions of Section 36933 of the Government Code of the State of California, that the foregoing Ordinance No. ...965... was duly and regularly published according to law and the order of the City Council of said City in the El Segundo Herald, a weekly newspaper of general circulation, printed, published and circulated within said City and that the same was so published therein on the following date, to wit: .................... . VALERIE A. BURROWES ........... ............................... City Clerk of the City of El Segundo, California (SEAL) %% ,C Deputy