No alarm dealer shall sell, maintain, lease, service, repair, alter, replace, move or install any alarm system within the City until a policy of public liability insurance approved by the Solicitor in the amount of three hundred thousand dollars ($300,000) for bodily injury and one hundred thousand dollars ($100,000) for damage to property shall have been filed as herein required with the Director of Finance. The insurance policy shall indemnify, save and keep harmless the City from any and all costs, damages or expenses of any kind whatsoever which may be suffered by the City, or which it may be put to, or which may accrue against it by charging to or recovering from the City from or by reason of the granting of an alarm dealer's license, or by reason of any acts or things done under or by authority of permission granted by the City to engage in business as an alarm dealer in the City or by reason of the negligence, failure or refusal of any person to comply with all provisions of this code or State statutes applicable to such business.
(Ord. 167-1986. Passed 10-6-86.)