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(c) a certificate of <br />licensee has deposited with the <br />or securities which may legally <br />for trust funds having a market <br />the state treasurer that the <br />state treasurer $300,000 in cash <br />be purchased by savings banks or <br />value of $300,000. <br />(3) Off -Sale License. An off -sale license may only be <br />granted to an exclusive liquor store. <br />(4) On -Sale Intoxicating Liquor License. Each license <br />shall state whether or not the applicant proposes to afford the <br />privilege of dancing to his or her guests or whether vaudeville <br />entertainment will be afforded or whether both will be provided. <br />In case the applicant proposes to afford the public the <br />privilege of dancing, the application shall set forth the amount <br />of floor space available which the applicant proposes to <br />maintain for dancing purposes. <br />(5) On -Sale Restaurant Intoxicating Liquor License. Each <br />application and "On -Sale Restaurant" intoxicating liquor license <br />shall include sufficient evidence to confirm that the applicant <br />has satisfied the requirements of Section 703.030 of this <br />Chapter. <br />(6) Proof of Financial Responsibility. Prior to the <br />issuance of an intoxicating liquor license, the applicant shall <br />demonstrate proof of financial responsibility as defined in <br />Minnesota Statutes §340A.409, Subdivision 1, with reference to <br />liability under Minnesota Statutes §340A.801. The applicant <br />shall demonstrate that such proof has been filed with the <br />Commissioner of Public Safety where required under Minnesota <br />Statutes §340A.409. Proof of financial responsibility shall be <br />required prior to the issuance of any intoxicating liquor <br />license, including temporary on -sale licenses, regardless of the <br />provisions of Minnesota Statutes §340A.409, Subdivision 4. Any <br />liability insurance policy filed as proof of financial <br />responsibility under this subdivision shall conform to the <br />requirements of Minnesota Statutes §340A.409. The minimum <br />requirement for proof of financial responsibility may be given <br />by filing: <br />(a) a certificate that there is in effect for the <br />license period an insurance policy or pool providing at least <br />$50,000 of coverage because of bodily injury to any one person <br />in any one occurrence, $100,000 because of bodily injury to two <br />or more persons in any one occurrence, $10,000 because of injury <br />to or destruction of property of others in any one occurrence, <br />$50,000 for loss of means of support of any one person in any <br />one occurrence, and $100,000 for loss of means of support of two <br />or more persons in any one occurrence; or <br />-12- <br />Page 69 <br />