(A)   No license shall be granted to an applicant until such applicant shall furnish evidence satisfactory to the Liquor Commissioner that such applicant is covered by a policy of dram shop insurance issued by a responsible insurance company authorized and licensed to do business in the state insuring such applicant against liability which such applicant may incur under the Liquor Control Act.
   (B)   The evidence of the insurance policy shall indicate that the term of the insurance is of sufficient length to encompass the period of the license sought.
(Prior Code, § 110.008) (Ord. 93-014, passed 5-24-1993)