Subd. 1. Proof. No alcoholic beverage license shall be issued or renewed unless and until the applicant has provided proof of financial responsibility imposed by Minnesota Statutes by filing with the city:
(Ord. 133, Second Series, passed 8-2-86)
A. A certificate that there is in effect an insurance policy or pool providing minimum coverages of:
1. $50,000 because of bodily injury to any one person in any one occurrence and, subject to the limit for one person, in the amount of $100,000 because of bodily injury to two or more persons in any one occurrence and in the amount of $10,000 because of injury to or destruction of property of others in any one occurrence; and
2. $50,000 for loss of means of support of any one person in any one occurrence and, subject to the limit for one person, $100,000 for loss of means of support of two or more persons in any one occurrence; an annual aggregate of $300,000 may be included in the insurance coverage.
(Ord. 153, Second Series, passed 8-5-87)
B. A bond of a surety company with minimum coverages as provided in Subpar. A of this subdivision; or
C. A certificate of the State Treasurer that the licensee has deposited with him or her $100,000 in cash or securities which may legally be purchased by savings banks or for trust funds having a market value of $100,000.
Subd. 2. Exception. This section does not apply to on-sale 3.2% malt liquor licensees with sales of 3.2% malt liquor of less than $10,000 for the preceding year, nor to off-sale 3.2% malt liquor licensees with sales of 3.2% malt liquor of less than $20,000 for the preceding year, nor does it apply to holders of on-sale wine licenses with sales of wine of less than $10,000 for the preceding year. An affidavit of the licensee shall be required to establish the exemption under this subdivision.
Subd. 3. Documents submitted to Commissioner. All proofs of financial responsibility and exemption affidavits filed with the city under this section shall be submitted by the city to the Minnesota Commissioner of Public Safety.
(Ord. 78, Second Series, passed 11-22-83)
(`80 Code, § 5.14)