A. If the proposed or current business location is to be used for the sale of firearms, no regulatory permit shall be issued or reissued unless there is in effect a policy of insurance in a form approved by the City and executed by an insurance company approved by the City, insuring the Applicant against liability for damage to property and for injury to or death of any person as a result of the theft, sale, lease or transfer or offering for sale, lease or transfer of a firearm or ammunition, or any other operations of the business. The policy shall also name the City and its officials, officers, employees and agents as additional insureds. The limits of commercial general liability shall be in an amount consistent with the City's standard insurance requirements; the Certificate of Insurance and required endorsements shall be submitted to and approved by the City. Limits of liability may be increased if deemed necessary by the City Attorney.
B. Upon expiration of the policy of insurance, if no additional insurance is obtained, the regulatory permit shall be revoked.
(Ord. No. 2022-010 § 1 (part))