§ 4-30. Liability insurance.

(a)

Every owner operating ambulances under a license pursuant to the provisions of this article shall submit to the city council evidence of public liability and property damage insurance in force with an insurance company licensed to conduct business in the state in the following amounts:

(1)

Bodily injury—$100,000 per person.

(2)

Bodily injury—$300,000 per accident.

(3)

Property damage—$50,000 per accident.

(4)

Malpractice—$300,000 per claim.

(b)

Such insurance policies shall be submitted to the license officer for approval prior to the issuance of each ambulance license. Satisfactory evidence that such insurance is at all times in force and effect shall be furnished to the license officer, in such form as he may specify, by all licensees required to provide such insurance under the provisions of this article.

(c)

Every insurance policy required hereunder shall contain a provision for a continuing liability thereunder to the full amount thereof, notwithstanding any recovery thereon, that the liability of the insurer shall not be affected by the insolvency or the bankruptcy of the assured, and that until the policy is revoked the insurance company will not be relieved from liability on account of nonpayment of premium, failure to renew license on October first of each year, or any act or omission of the named assured. Such policy of insurance shall be further conditioned for the payment of any judgments up to the limits of such policy, recovered against any person other than the owner, his agent or employee, who may operate the same with the consent or acquiescence of the owner.

(d)

Every insurance policy required under this section shall extend for the period to be covered by the license applied for and the insurer shall be obliged to give not less than thirty (30) days' written notice to the license officer and to the assured before any cancellation or termination thereof earlier than its expiration date and the cancellation or other termination of any such policy shall automatically revoke and terminate the licenses issued for the ambulances covered by such policy, unless another insurance policy complying with the provisions of this section shall be provided and be in effect at the time of such cancellation or termination.

(Code 1963, § 4½-5)

State law reference

Ambulance insurance, Miss. Code Ann. 1972, § 41-59-27.