(A)   No permit shall be issued until and unless the applicant therefore, in addition to all other requirements set forth, shall file and maintain with the court evidence of a satisfactory public liability insurance policy, covering all operations of the applicant pertaining to business and all vehicles to be operated in the conduct thereof, in the amount of not less than $100,000 for each person injured or killed, and in the amount of not less than $500,000 in the event of injury or death of two or more persons in any single accident, and in the amount of not less than $50,000 for damage to property.
   (B)   The policy may be written to allow the first $250 of liability for damage to property to be deductible.  Should any policy be canceled, the court shall be notified of the cancellation by the insurance carrier in writing not less than 10 days prior to the effective date of the cancellation, and provisions to that effect shall be incorporated in such policy, which shall also place upon the company writing such policy the duty to give the notice.
(Ord. 1010.11, passed 5-17-94; Am. Ord. 09-96-01, passed 9-24-96)