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Ordinance No. 0773 03-14-1983_� 3 � �D ORDINPNCE NO. 773 AN ORDINANCE AMENDING AND RECODIFYING CHAPTER 607 ENTITLED "ENTERTAII�II�'IENT LI(�ISE" BY ADDING SE(,TION 607.05 The City Council of the City of Fridley does ordain as follaws: 607.05. LIABII,ITY INSURANCE 1. E�ery person licensed to sell at retail intoxicating liquor or non-intoxicating malt liquor at on-sale or off-sale shall, after h7arch 1, 1983, demonstrate proof of financial responsibility with regard to liability i�osed k7y Section 340.95, to the Commissioner of Public Safety as a condition of the issuance or renewal of his or her license. Proof of financial responsibility may be given by filing: A. A certificate that there is in effect an insurance policy or pool providing the follaaing miniminn coverages: (1) 550,000 because of bodily in�ury to any one person in any one occurence, and, subject to the limit for one person, in the amount of S10D,000 because of bodily in�ury to two or more persons in any one occurence, and in the amount of 510,000 because of injury to or destruction of property of others in any one occurence. (2) 550,000 for loss of ineans of support of any one person in any one occurence, and, sub�ect to the limit for one person, 5100,000 for loss of ineans of support of two or more persons in one occurence; or B. A bond of a surety company with minimum coverages as provided in clause (A) above, or C. A certificate of the State Treasurer that the licensee has deposited with the State Treasurer 5100,000 in cash or securities which may legally be purchased by savings banks or for trust funds having a market value of 5100,000. 2. An applicant for a license to sell at retail intoxicating Iiquor or non-intoxicat,ing malt Iiquor within the City of Fridley at on-sale or off-sale shall, after March l, 1983, demonstrate proof of financial responsibility as set forth in Section 607.05(1), to the City of Fridley as a condition for issuance or renewal of his or her license, An applicant for renewal of such a license must demonstrate proof of such fi,nancial responsibility to the City of Fridley at the beginning of each license year, 3. A liability insurance policy xequired by Sections 607.05(1) and (2) shall provide that it may not be canceled for any cause, either by the insured or tYie insurance company without first giving ten days' notice to the City of Fridley in writing of the intention to cancel it, addressed to the City Clerk o£ the City of Friclley. 4. A liability insurance policy required h� Sections 607.05(1) and (2) shall provide that the insurance com�ny agrees to contact the City of FYidley in in writing and addressed to the City Clerk of the City of Fridley, within ten days' of any claim made against the policy. LIABII,ITY INS[JRANCE � C_J � Page 2-- Ftesolution No. 773 5. A liability insurance policy required by Sections 607.05(1) and � (2) that contains annual aggxegate limits of liability shall require the insured to buy additional coverage after any claim is made that reduces the coverage under the policy below the — requirenents of Sections 607.05(1) and (2l. � � 6. The operation of a retail intoxicating or nomintoxicating malt liquor business at one-sale or off-sale, without having on file at all times with the City of Fridley the liability insurance policy or other evidence of financial responsibility required under Sections 607.05(1) and (2) shall be grounds for immediate revocation of the license. Notice of cancellation of a current liquor liability policy serves as notice to the licensee of the impending revocation and unless evidence of compliance with the financial responsibility requiranents of Sections 607.05(1) and (2) is presented to the City Clerk before the termination is effective, the license will be revoked instantly upon the lapse. PASSID AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 147Ii DAY OF P9ARCH, 1983. V �` Y=�� _�_� WILLIAM J. MAYOR A7TFST: ���. SIDNEY C. - CITY CLERK f Y First Reading: Second Reading: Publish: February 28, 1983 March 14, 1983 March 23, 1983 f�l �,