§ 19-10. Liability insurance.

(a)

Where liability insurance policies are required to be filed in making an application for any permit required by this chapter, they shall be as determined by the city council, but shall in no event be less than the following amounts, except as otherwise specified in this chapter:

(1)

On account of injury to, or death of, any person in any one (1) accident, the sum of ten thousand dollars ($10,000.00).

(2)

On account of any one (1) accident resulting in injury to, or death of, more than one (1) person, the sum of twenty thousand dollars ($20,000.00).

(3)

On account of damage to property in any one (1) accident, the sum of five thousand dollars ($5,000.00).

(b)

Every liability insurance policy required by this section shall be maintained by the permittee permanently in force. Every such insurance policy shall contain a clause obligating the insurer to give the city clerk, by registered or certified mail, at least ten (10) days' written notice before the cancellation, expiration, lapse or other termination of the insurance and the liability policy shall name the city as an additional named insured.

(c)

A duplicate executed copy or photostatic copy of the original of any insurance policy required by this section shall be filed with the city clerk.

(Code 1966, §§ 4.3, 4.15)