A.   Each builder shall procure and maintain a general liability policy of insurance with limits per occurrence of not less than fifty thousand dollars ($50,000.00). A certificate of insurance shall be provided at the time application is made for a builder's certificate. The builder shall notify the city within ten (10) days of termination of the policy. The city shall be named as a certificate holder. Failure to maintain general liability insurance in the specified limits shall cause the builder's certificate to be deemed revoked. (Ord. 6108, 10-26-2009)