In addition to the bonds required by this chapter, the applicant must deposit with the Building Inspector his or her insurance policy or certificates of insurance indemnifying against public liability for property damage and personal injury. Such insurance must be maintained for as long as the well is in operation or is producing oil or gas and shall be in an amount of not less than one hundred thousand dollars ($100,000) for personal injury or death of one person resulting from one occurrence, and not less than three hundred thousand dollars ($300,000) for personal injuries or death to more than one person resulting from one occurrence, and not less than one hundred thousand dollars ($100,000) for damage to property. Each policy of insurance shall contain a provision obligating the insurer to give the City written notice of cancellation not less than thirty days prior to the date of such cancellation.
(Ord. 269-66. Passed 4-27-66.)