(A) Minimum coverage. Within 30 days after the effective date of this franchise, the grantee shall file with the county, and shall maintain on file throughout the term of this franchise, a liability insurance policy issued by a company duly authorized to do business in the state, insuring the franchise area and the grantee with respect to the installation, maintenance, and operation of the grantee's CATV system in the following minimum amounts:
(1) Five hundred thousand dollars for bodily injury or death to any one person;
(2) One million dollars for bodily injury or death resulting from any one accident;
(3) One hundred and fifty thousand dollars for property damage resulting from any one occurrence; and
(4) One hundred and fifty thousand dollars for all other types of liability.
(B) Notice of cancellation or reduction. The policy of liability insurance shall contain the provision that written notice of expiration, cancellation, or reduction in coverage of the policy shall be delivered to the county and to the grantee at least 30 days in advance of the effective date thereof.
(C) Term. The liability insurance shall be kept in full force and effect by the grantee during the existence of this franchise and thereafter until after the removal of all poles, wires, cables, underground conduits, manholes, and other conductors and fixtures incident to the maintenance and operation of the grantee's CATV system, should the removal be required by the County Council or undertaken by the grantee.
(Prior Code, § 92.11) (Ord. 966E, passed 2-22-1982; Ord. 1061A, passed 5-9-1989)