Establishes minimum liability insurance requirements for taxicabs throughout the state.

This bill mandates that owners of taxicabs in the state must maintain specific liability insurance coverage for their vehicles. The required policy must provide up to $75,000 for bodily injury or death to one person, $150,000 for multiple people, and $75,000 for property damage in any single accident. Coverage can be provided by the driver, the taxicab company, or a combination of both, and the bill explicitly excludes ride-sharing vehicles and personal cars from these rules. Owners who fail to secure this insurance or violate the policy terms face misdemeanor charges.