No license or renewal shall be granted, nor be effective until the applicant files with the community development director, proof of a public liability insurance policy covering all operations of such applicant hereunder for the sum of at least $300,000 combined single limit coverage. Said policy shall provide that it may not be canceled by the insurer except after a 30-day written notice to the city, and if such insurance is so canceled and the licensee fails to replace the same with another policy conforming to the provisions of this section, the license shall be automatically suspended until such insurance shall have been replaced. The city shall be named an additional insured.
(‘81 Code, § 15-50) (Ord. 574, § 3, 5-12-94)