(a) Prior to the issuance of any indoor special event license, each applicant shall furnish proof of insurance, issued by an insurer authorized to insure in Illinois, evidencing commercial general liability insurance, with limits of not less than $300,000.00 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. Each policy of insurance required under this section shall: (i) include a provision requiring 30 days' advance notice to the commissioner prior to cancellation or lapse of the policy; (ii) be issued by an insurer authorized to insure in the State of Illinois; 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 subsection in full force and effect throughout the duration of the license period. Proof of insurance shall be kept on the licensed premises, and, upon request by any authorized city official, shall be made available for inspection by such authorized city official.
(b) The insurance required under this section shall remain in full force and effect for the duration of the license period. The license shall be rendered void and of no effect if at any time the insurance required by this section is not in force.
(Added Coun. J. 10-6-05, p. 58166, § 3; Amend Coun. J. 11-19-08, p. 47220, Art. V, § 5; Amend Coun. J. 10-28-15, p. 11951, Art. VI, § 19; Amend Coun. J. 11-16-16, p. 37901, Art. II, § 16)