Insurance.
Greensboro Code of Ordinances § 28-91
in effectSec. 28-91. - Insurance.
(a) Any owner, before operating any taxicab under the provisions of this article, shall procure and file with the police chief or his/her/their designee a policy or policies of liability insurance with a reliable and responsible insurance company, authorized to do business in the State of North Carolina, as required by North Carolina General Statutes section 20-280.
(b) The policy shall contain a clause obligating the insurance company to give fifteen (15) days' written notice to the police chief or his/her/their designee prior to the cancellation of such insurance on any vehicle. The permit shall ipso facto be revoked by the lapse, cancellation or termination of the policy of insurance, unless the same shall have been renewed or replaced, or a new policy obtained and filed by the owner as herein required.
(c) Such liability policy shall contain a provision that the insolvency or bankruptcy of the person insured shall not release the insurance company from payment of damages for injuries sustained, or death by wrongful act, or loss incurred, and in case of recovery against the insured on account of any such injury, death or loss that the insurance company will pay on account of the judgment recovered in any such action an amount equal to but not exceeding the amount of the policy or of the judgment, and that the statute of limitation, as fixed by the state law, shall govern time within which the policy may be sued upon to enforce such judgment.
(Code 1961, § 20-26; Ord. No. 88-122, §§ 3, 4, 9-1-88; Ord. No. 20-163, § 3, 12-15-20)
Source: City of Greensboro, North Carolina, Code of Ordinances and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/nc/greensboro/codes/code_of_ordinances?nodeId=COOR_CH28TABU_ARTIITA_DIV5OPRURE_S28-91INFetched: 11/1/2026