Lapse of required dram shop insurance, or withdrawal of a required deposit of cash or securities, shall effect an immediate suspension of any license issued pursuant to this chapter without further action of the Council. Notice of cancellation, lapse of current liquor liability policy, or withdrawal of deposited cash or securities shall also constitute notice to the licensee of the impending suspension of the license. The holder of a license, who has received notice of lapse of required insurance or withdrawal of a required deposit, or of suspension or revocation of a license, may request a hearing. If a request is made in writing to the Clerk, a hearing shall be granted within ten days or such longer period as may be requested. Any suspension under this section shall continue until the Council determines that the financial responsibility requirements of this section have again been met.
(Ord. passed 11-20-14)