A. The Grantee shall maintain throughout the term of the franchise insurance in amounts at least as follows:
1. Worker's compensation insurance. In such coverage as may be required by the worker's compensation insurance and safety laws of the State of California and amendments thereto.
2. Comprehensive general liability. Comprehensive general liability insurance, including, but not limited to, coverage for bodily injury and property damage shall be maintained at the sum(s) specified in the Franchise Agreement.
3. Comprehensive automobile liability. Comprehensive automobile liability including, but not limited to, nonownership and hired car coverage as well as owned vehicles with coverage for bodily injury and property damage shall be maintained at the sum(s) specified in the Franchise Agreement.
B. The Grantee shall furnish the Grantor with copies of such insurance policies or certificates of insurance.
C. Such insurance policies provided for herein shall name the Grantor, its officers, boards, commissions, agents, and employees as additional insured, and shall be primary to any insurance carried by the Grantor, and shall contain the following endorsement:
"It is hereby understood and agreed that this insurance policy may not be cancelled by the surety or the intention not to renew be stated by the surety until thirty (30) days after receipt by the City by registered mail or written notice of such intention to cancel or not renew."
D. The minimum amounts set forth in the Franchise Agreement for such insurance shall not be construed to limit the liability of the Grantee to the Grantor under the franchise issued hereunder to the amounts of such insurance.
E. All insurance carriers providing coverage under § 11.30.400 of this Subchapter shall be duly licensed to operate in the State of California.
('65 Code, § 35B-5(e)) (Ord. No. 87-021 § 1; Ord. No. 2001-009 § 1)