Every such policy or certificate of insurance shall contain a clause obligating the insurer to give to the City and its Director of Public Safety and Service at least ten days written notice before the cancellation, expiration, lapse or other termination of such policy and the license granted shall expire upon the termination of the insurance or upon the termination of the liability of the insurer, in accordance with such notice, unless a new policy or certificate of liability insurance, approved as hereinbefore provided, shall be substituted therefor. Failure to give the notice required shall operate to continue the liability of the insurer for the benefit of persons injured or damaged, as though such policy continued in full force and effect.
(Ord. 92(90-91). Passed 7-19-90.)