A. No license shall be granted to any applicant nor shall any renewal license be issued until such applicant shall furnish evidence satisfactory to the liquor control commissioner that such applicant is covered by a policy of dramshop insurance, in an amount no less than one million dollars ($1,000,000.00), issued by a responsible insurance company authorized and licensed to do business in the state of Illinois insuring such applicant against liability which the applicant may incur under the provisions of 235 Illinois Compiled Statutes 5/6-21.
B. The provisions of this section shall be liberally construed, and each applicant and license holder shall have the burden of providing the local liquor control commissioner with satisfactory evidence that said insurance is in full force and effect at any particular time during the term of any such license. Failure to do so after the issuance of any local liquor license shall render said license void ab initio. (Ord. 2007-124, 12-6-2007)