05-11-11 Council Agenda - Laserfiche WebLink

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of financial responsibility shall be required prior to the issuance of any 3.2 percent malt liquor license 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. (3) 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 a file with the State Insurance Commissioner or the City at all times effective security as required in Subdivision 2 is a cause for immediate revocation or suspension of the license. (4) Special Event on City Property. A liability insurance policy for a special event to he held on City property shall name the City as an additional insured. (5) Temporary On -Sale License Application. Applications for Temporary On -Sale licenses shall be made no less than thirty (30) days prior to the commencement of the event on form prescribed by the City Administrator. The license shall be a specific event, and the application shall specify the date(s), time(s) and place of the event. The minimum requirement for proof of financial responsibility is the same as outlined in 702.030 Paragraph (2) (a) through (c). (a) acertificate that there is in effect f r thc license pealed an insuranee- peliey -er peel- providing-at- least -$50; 000- ef- eovcrage- because -ef- bodily injury to any- ene- persen- many -ene once, $100 ,000 - because-- of- bediily- infra• .. '-one occurrence, stiuetten -of prepeity- ofethers in any - one- eccuefenee, $50,000 for less -ol inean &ef support of any one- pemen- i-n- aey -ene occurrence, and $100,000-for-loss-of-means-of suppert•ef- two- ei- mefe- pefsees -in- any-enc occurrence; or !'!! . .. (b) a-bend o pafagi-aph -(a };err 702 -2 7