Liability insurance shall ordinarily be required, providing coverage in an amount no less than that set by this chapter. However, liability insurance is not required for a licensee who at the time of submission of their application for renewal provides to the City Clerk an affidavit and such additional supporting financial records as may be required by the City Clerk which establish the following:
(A) For an on-sale 3.2% malt liquor license, that they had sales of less than $10,000 of 3.2% malt liquor for the preceding year;
(B) For an off-sale 3.2% malt liquor license, that they had sales of less than $20,000 of 3.2% malt liquor for the preceding year.
(Ord. 121, passed 9-16-1992)