10-28-2015 Council Packet - Laserfiche WebLink

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store. (4) On -Sale Restaurant Intoxicating Liquor License, Each application and "On -Sale Restaurant" intoxicating liquor license shall include sufficient evidence to confirm that the applicant has satisfied the requirements of Section 703.030 of this Chapter. (5) On -Sale Restaurant -Event Center Intoxicating Liquor License, Each application for "On -Sale Event Center" intoxicating liquor license shall include sufficient evidence to confirm that the applicant has satisfied the requirements of Section 703.035 of this Chapter, (6) Proof of Financial Responsibility. Prior to the issuance of an intoxicating liquor license, the applicant shall demonstrate proof of financial responsibility as defined in Minnesota Statutes Section 340A.409, Subdivision 1, with reference to liability under Minnesota Statutes Section 340A.801, The applicant shall demonstrate that such proof has been filed with the Commissioner of Public Safety where required under Minnesota Statutes Section 340A,409, Proof of financial responsibility shall be required prior to the issuance of any intoxicating liquor license, including temporary on -sale licenses, regardless of the provisions of Minnesota Statutes Section 340A.409, Subdivision 4. Any liability insurance policy filed as proof of financial responsibility under this subdivision shall conform to the requirements of Minnesota Statutes Section 340A.409. The minimum requirement for proof of financial responsibility may be given by filing: (a) a certificate that there is in effect for the license period an insurance policy or pool providing at least $50,000 of coverage because of bodily injury to any one person in any one occurrence, $100,000 because of bodily injury to two or more persons in any one occurrence, $10,000 because of injury to or destruction of property of others in any one occurrence, $50,000 for loss of means of support of any one person in any one occurrence, and $100,000 for loss of means of support of two or more persons in any one occurrence; or (b) a bond of a surety company with minimum coverages as provided in paragraph (a); or (c) a certificate of the state treasurer that the licensee has deposited with the state treasurer $100,000 in cash or securities which may legally be purchased by savings banks or for trust funds having a market value of $100,000. (7) Approval of Security. Liability insurance policies required by this Chapter shall be approved as to form by the City Attorney, Operation of a business licensed by this ordinance without having on file with the State Insurance Commissioner or the City at all times effective security as required in Subdivision 2 is cause for immediate revocation or suspension of the license. (8) Special Event on City Property: A liability insurance policy for a special event to be held on City property shall name the City as an additional insured. 703-4