Every licensee granted a license under the terms of this ordinance shall be required to maintain insurance underwritten by a company authorized to do business in the State of Michigan against liability to the public in the amount of not less than $10,000.00 for one person or $20,000.00 for one accident, and $5,000.00 against liability arising out of property damage. Such policies shall name the City of Flint as an additional insured and shall contain therein or have attached thereto by rider a provision that the insurer will give notice to the City of Flint at least ten days prior to the cancellation of said policy, in the event that the insurer should elect to cancel the same. The policy required, or a certificate executed by the insurer certifying to the existence of the insurance shall be filed with the City Clerk prior to the issuance of any license or renewal thereof. Said insurance shall be continuous until canceled, or shall expire April 30 of any year. Failure to maintain insurance as above provided shall be grounds for revocation of the license issued hereunder.
(Ord. 856, passed 5-2-1949; Ord. 1892, passed 3-21-1966)