The applicant shall provide with his application, proof that it currently is insured in an amount, and to the extent deemed appropriate by the Building Commissioner given the number of wells contemplated, and the maximum amount of insurance coverage available in the industry. The aforementioned policy or policies of insurance shall be in full force and effect prior to the issuance of a permit, and shall continue in effect until such well is plugged or abandoned as hereinafter provided. (Ord. 10-86. Passed 1-27-86.)