Okla. Stat. tit. 47, § 47-8-104: Financial responsibility of taxicab operators

A. 1. Every person, firm or corporation engaged in the

business of operating a taxicab or taxicabs within a municipality

shall file with the governing board of the municipality in which

such business is operated proof of financial responsibility.

2. No governing board of a municipality shall hereafter issue

any certificate of convenience and necessity, franchise, license

permit or other privilege or authority to any person, firm or

corporation authorizing such person, firm or corporation to engage

in the business of operating a taxicab or taxicabs within the

municipality unless such person, firm or corporation first files

with the governing board proof of financial responsibility.

3. Every person, firm or corporation engaging or intending to

engage in the business of transporting passengers outside a

municipality shall be subject to the jurisdiction of the Corporation

Commission in accordance with Section 230.24 of this title and the

rules of the Corporation Commission.

B. As used in this section, "proof of financial responsibility"

shall mean a certificate of any insurance carrier or risk retention

group, as defined in Section 6453 of Title 36 of the Oklahoma

Statutes, authorized to do business in the state certifying that

there is in effect a policy of liability insurance insuring the

owner and operator of the taxicab business, his agents and employees

while in the performance of their duties against loss from any

liability imposed by law for damages including damages for care and

loss of services because of bodily injury to or death of any person

and injury to or destruction of property caused by accident and

arising out of the ownership, use or operation of such taxicab or

taxicabs, subject to minimum limits, exclusive of interest and cost,

with respect to each such motor vehicle as follows:

1. Twenty-five Thousand Dollars ($25,000.00) because of bodily

injury to or death of one person in any one accident and, subject to

said limit for one person;

2. Fifty Thousand Dollars ($50,000.00) because of bodily injury

to or death of two or more persons in any one accident; and

3. Twenty-five Thousand Dollars ($25,000.00) because of injury

to or destruction of property of others in any one accident.