(A) All persons desiring either of the licenses, as hereinbefore described, shall make a written application therefor to the Council and file the same in the office of the Clerk-Treasurer. The application shall set forth the name of the applicant, age and place of residence and the kind of business in which the applicant is engaged, including address of same. It shall also set forth the location including street number and floor of the place at which the applicant proposes to carry on said business. The application shall also state that the applicant is a citizen of the United States and a person of good moral character and repute, and shall be made out on such form, and shall contain such other information as required by the Council. All applicants for “on-sale” or “off-sale” 3.2% malt liquor license shall, by affidavit, establish that they do, or do not, fall within a volume class which must provide proof of financial responsibility.
(B) “Short-term” license applicants and “on-sale” applicants with sales of $10,000 or more for the preceding year and “off-sale” applicants with sales of $20,000 or more for the preceding year shall provide proof of financial responsibility as follows:
(1) A certificate that there is in effect an insurance policy or pool providing the following minimum coverages:
(a) Fifty thousand dollars because of bodily injury to any one person in any one occurrence and, subject to the limit for one person, in the amount of $100,000 because of bodily injury to two or more persons in any one occurrence, and in the amount of $10,000 because of injury to or destruction of property of others in any one occurrence; and
(b) Fifty thousand dollars for loss of means of support of any one person in any one occurrence and, subject to the limit for one person, $100,000 for loss of means of support of two or more persons in any one occurrence.
(2) A bond of a surety company with minimum coverages as provided in division (B)(1) above; or
(3) A certificate of the State Treasurer that the licensee has deposited with him or her $100,000 in cash or securities which may legally be purchased by savings banks or for trust funds having a market value of $100,000.
(1992 Code, § 801:05)