A. Dramshop Insurance: Each licensee shall procure and maintain, at all times while the license is in effect, a policy or policies of dramshop insurance, in the minimum statutory limits. At the time of the initial application for a liquor license and at the time of the renewal of such liquor license proof of the existence of such policy or policies of dramshop insurance shall be tendered to the Liquor Commissioner. Upon request by the Liquor Commissioner, each licensee shall, periodically, provide the Liquor Commissioner with evidence that such policy or policies of dramshop insurance are in full force and effect. Failure to procure and maintain such policy or policies of dramshop insurance shall constitute sufficient grounds to deny the application for or renewal of a liquor license under this chapter. (Ord. 2013-22, 10-28-2013)