The following endorsement shall be attached to all liability insurance policies issued
pursuant to the requirements of this division:
"In consideration of the premium stated in the policy to which this endorsement is
attached, the company hereby waives a description of the motor vehicles to be insured
under the policy and agrees to pay any final judgment for personal injury, including
death, resulting therefrom, or damage to property, caused by any and all motor vehicles
operated by the assured pursuant to the taxicab license issued by the City of East
St. Louis, within the limits set forth in the schedule shown hereon, and further agrees
that, upon its failure to pay any such final judgment, the judgment creditor may maintain
an action in any court of competent jurisdiction to compel such payment. Nothing contained
in the policy or any endorsement thereon, nor the violation of any of the provisions
thereof by the assured, shall relieve the company from liability under this policy
or from the payment of such judgment. The policy to which this endorsement is attached
shall not expire, nor shall cancellation take effect until after ten days' notice
in writing by the company shall have been given to the department of regulatory affairs
of the City of East St. Louis at its office in city hall, such ten days' notice to
commence to run from the date notice is actually received at the office. Attached
to and forming a part of policy number ____________, issued by ____________ company to ____________."
(Ord. No. 00-10001, § 8.98.173, 1-13-2000)
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