Each applicant for a drain layer's license shall furnish proof of insurance evidencing commercial general liability insurance with limits of not less than $1,000,000.00 per occurrence, for bodily injury, personal injury, and property damage arising in any way from the issuance of the license or activities conducted pursuant to the license. The insurance policy required under this subsection shall: (i) be issued by an insurer authorized to insure in Illinois, (ii) include a provision requiring 30 days' advance notice to the Commissioner prior to cancellation or lapse of the policy, and (iii) name the City of Chicago as additional insured on a primary, noncontributory basis for any liability arising directly or indirectly from the licensee's operations. The licensee shall maintain the insurance required under this section in full force and effect for the duration of the license period.
The licensee shall maintain any insurance required by this chapter in full force and effect for the duration of the license period. Failure to do so shall result in immediate suspension or revocation of the drain layer’s license in accordance with Section 4-28-140.
(Added Coun. J. 12-12-01, p. 76426, § 1; Amend Coun. J. 10-28-15, p. 11951, Art. VI, § 12; Amend Coun. J. 11-16-16, p. 37901, Art. II, § 9; Amend Coun. J. 11-20-19, p. 9510, Art. IV, § 18; Amend Coun. J. 10-14-21, p. 37722, Art. XIV, § 4)