(A) Proof. No beer, wine or liquor license shall be issued or renewed unless and until the applicant has provided proof of financial responsibility by filing with the city a certificate that there is in effect an insurance policy or pool, or bond of a surety company authorized to transact business in the state providing minimum coverages of:
(1) $50,000 because of bodily injury to any one person in any one occurrence;
(2) $100,000 because of bodily injury to two or more persons in any one occurrence;
(3) $10,000 because of injury to or destruction of property of others in any one occurrence;
(4) $50,000 for loss of means of support of any one person in any one occurrence; and
(5) $100,000 for loss of means of support of two or more persons in any one occurrence.
(B) Exception. This section does not apply to on-sale beer licensees with sales of beer of less than $25,000 for the preceding year, nor to off-sale beer licensees with sales of beer of less than $50,000 for the preceding year, nor does it apply to holders of on-sale wine licenses with sales of wine of less than $25,000 for the preceding year. An affidavit of the licensee shall be required to establish the exemption under this division.
(C) 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 State Commissioner of Public Safety.
(Prior Code, § 5.16) (Ord. 143, effective 1-14-1994; Ord. 181, effective 2-20-1998)