(A) Financial responsibility of licensees.
(1) Proof. No alcoholic beverage license shall be issued or renewed unless and until the applicant has provided proof of financial responsibility, imposed by statute, by filing with the city a certificate that there is in effect an insurance policy or pool providing minimum coverages of:
(a) Fifty thousand dollars because of bodily injury to any one person in any one occurrence, and, subject to the limit for one person, in the amount of $100,000 because of bodily injury to two or more persons in any one occurrence, and in the amount of $10,000 because of injury to or destruction of property of others in any one occurrence; and
(b) Fifty thousand dollars for loss of means of support of any one person in any one occurrence, and, subject to the limit for one person, $100,000 for loss of means of support of two or more persons in any one occurrence.
(2) Exception. This division (A) does not apply to on-sale 3.2% malt liquor licensees with sales of 3.2% malt liquor of less than $25,000 for the preceding year, nor to off-sale 3.2% malt liquor licensees with sales of 3.2% malt liquor of less than $50,000 for the preceding year, nor does it apply to holders of on-sale wine licenses with sales of wine of less than $25,000 for the preceding year. An affidavit of the licensee shall be required to establish the exemption under this division (A).
(3) Documents submitted to Commissioner. All proofs of financial responsibility and exemption affidavits filed with the city under this division (A) shall be submitted by the city to the Commissioner.
(B) Insurance certificate requirements.
(1) Whenever an insurance certificate is required by this chapter, the applicant shall file with the City Administrator a certificate of insurance showing:
(a) The limits are at least as high as required;
(b) Coverage is effective for at least the license term approved; and
(c) The insurance will not be cancelled or terminated without 30 days’ written notice served upon the City Administrator.
(2) Cancellation or termination of coverage shall be grounds for license revocation.
(2004 Code, § 112.026) (Ord. 20-814, passed 6-9-2020)