An applicant shall at all times have in full force and effect a policy covering liability for bodily injury and property damage of at least three hundred thousand dollars ($300,000) per occurrence. Such coverage shall name the City as an additional insured. All such policies and certificates of insurance shall be issued by companies authorized to do business in Nebraska, shall be approved as to form by the City Attorney before commencement of such use, and shall provide that they cannot be canceled until ten days written notice of such cancellation shall have been filed with the City Clerk. Any termination or lapse of such insurance will automatically revoke any permit issued pursuant to this chapter.
(Ord. 1341. Passed 5-14-96.)