At the time each application for a liquor license is filed, the applicant shall provide proof of insurance for the maximum extent of liability under ILCS Ch. 235, Act 5, § 6-21 of the state Liquor Control Act, now in force or as hereafter amended for the duration of the license to be issued, and such policy shall contain a provision that the city be notified by the insurance carrier in the event of cancellation or lapse of coverage.
(Ord. 1105, passed 6-2-92)