Subd. 1.   Whenever insurance is required by a section of this chapter, after approval by the Council, but before the license shall be issued, the applicant shall file with the city’s administrative offices a policy or certificate of public liability insurance showing:
      A.   That the limits are at least as high as required;
      B.   That coverage is effective for at least the license term approved; and
      C.   That such insurance will not be cancelled or terminated without a 30-day written notice served upon the city administrative offices.
   Subd. 2.   Cancellation or termination of coverage shall be grounds for license revocation.
(`80 Code, § 6.12) (Ord. 79, Second Series, passed 11-22-83)