4-168-050 Insurance – Required.
   (a)   Each applicant for a bicycle messenger service license shall provide proof that the applicant and each bicycle operator engaged by each applicant has commercial general liability insurance coverage with limits on not less than $300,000.00 per occurrence for bodily injury, personal injury and property damage arising in any way from the license or activities conducted pursuant to the license. In addition, worker's compensation coverage must be provided as required by state law.
   (b)   Any insurance policy required by this section must: (i) be in a form satisfactory to the commissioner, (ii) be maintained in full force and effect at all times throughout the duration of the license period, (iii) be issued by an insurer authorized to insure in Illinois, and (iv) provide that the policy will not be canceled and the amount of coverage will not be changed unless 30 days' prior written notice is given to the commissioner. A single violation of this section shall result in cancellation or suspension of the license.
(Added Coun. J. 7-29-92, p. 20042; Amend Coun. J. 12-9-92, p. 25465; Amend Coun. J. 5-9-12, p. 27485, § 84; Amend Coun. J. 6-6-12, p. 28356, § 1C; Amend Coun. J. 11-16-16, p. 37901, Art. II, § 17)