Before any installation work is started, the gas installer shall have a bond in the sum of two thousand dollars ($2,000.00) executed by the applicant, as principal, and a surety company authorized to do business in the state of Idaho, running to the city, conditioned that the licensee, his agents and servants, shall fully comply with all provisions of law and ordinances of the city relating to gas fitting work, and that any person injured by failure of the principal to comply with such laws and ordinances, or with any of the provisions thereof, shall have a right of action against the principal and surety of his own name; provided, that the liability of any surety upon the bond required to be given by the gas installer, as herein provided, shall be limited to the amount specified in the bond and in case of recoveries had by two (2) or more persons for violation of the conditions of such bond in excess of the amount of the bond, such recoveries shall be prorated and the total recovery against the surety shall not exceed the amount of the bond; provided further, that any person wishing to avail himself of the benefits of the bond shall commence action thereon within one year after the date of completion of the work alleged to have been improperly done. The gas installer shall also have a general liability insurance policy or a written certificate of the same, issued by an insurance carrier authorized to do business in the state of Idaho, with bodily injury limits in the amount of one hundred thousand dollars ($100,000.00) per person, two hundred thousand dollars ($200,000.00) per accident, two hundred thousand dollars ($200,000.00) aggregate, and property damage limits of one hundred thousand dollars ($100,000.00) per accident, aggregate one hundred thousand dollars ($100,000.00); provided further, that an applicant may qualify as a self-insured in lieu of furnishing the general liability insurance herein prescribed to the extent of ten percent (10%) of his net assets, as established by a current financial statement signed by a certified public accountant and placed on file with the city council. The bond and insurance shall be presented in a manner and form acceptable to the corporation counsel of the city. The right of a gas installer or fitter to do gas fitting work in the city may be revoked by the council upon his failure to faithfully perform and adhere to the terms and conditions of this chapter.
Bonds, insurance and self-insurance shall be renewed annually. Insurance herein provided for shall continue in force until the gas fitting work has been completed. The United States government, state of Idaho, county of Nez Perce, and the city shall not be required to furnish a bond under this section. (Ord. 200, 1969)