(A) No license shall be granted to an applicant until such applicant shall furnish evidence satisfactory to the Local Commissioner that such applicant is covered by a policy of dram shop insurance issued by a responsible insurance company authorized and licensed to do business in the state insuring such applicant against liability which such applicant may incur under the Liquor Control Act. The evidence of the insurance policy shall indicate that the term of the insurance is of sufficient length to encompass the period of the license sought.
(B) The dram shop insurance policy required by this section shall be maintained in force by the licensee at all times, and the licensee shall provide evidence of insurance to the Liquor Commissioner upon the Commissioner’s demand.
(Ord. 14-02, passed 2-18-2014)