(A) Whenever insurance is required by a section of this title, after approval by the Council, but before the license shall be issued, the applicant shall file with the City Administrator a policy or certificate of public liability insurance showing:
(1) The limits are at least as high as required;
(2) Coverage is effective for at least the license term approved; and
(3) The insurance will not be cancelled or terminated without 30 days’ written notice served upon the City Administrator.
(B) Cancellation or termination of the above coverage shall be grounds for license revocation.
(2004 Code, § 110.10)