What are the Taxi Insurance Requirements for Atlantic City, New Jersey?

"An owner shall comply with the New Jersey State Motor Vehicle Law[1] regarding coverage by bond or policy of liability insurance.
[Amended 12-9-1992 by Ord. No. 116-1992]
O. An owner shall notify the Director on or before the 31st day of March of each year of the name and address of the carrier and the number of the policy for each taxicab owned by him and submit proof of such coverage. Said proof shall also indicate thereon that the carrier shall notify the City directly of its intention to cancel insurance.
[Amended 11-19-1986 by Ord. No. 79-1986]
P. An owner, within 72 hours of receipt of notice, shall notify the Director, in writing, of the cancellation of the required liability insurance or change of insurance carrier or policy number of his insurance. Further, the insurance company or carrier shall independently notify the City of such cancellation or change of insurance carrier.
[Amended 11-19-1986 by Ord. No. 79-1986]
(1) When an official request is made by the Director, an owner must provide the Director with a complete history of his insurance record within 72 hours.
(2) The Director, or his duly authorized agent, shall have the authority to review any and all insurance records of the owner.
Q. An owner who has received notice that his liability insurance is to be terminated shall surrender his taxicab license to the Director on or before the termination date of the insurance unless he submits proof of new insurance effective on the date of termination of the old policy.
[Amended 7-24-2002 by Ord. No. 25-2002]"