§ 12.08.090. Insurance required.

A condition for issuance of a permit pursuant to this chapter is that every permittee, and person on a shared permit, agrees to maintain a policy of public liability insurance, naming the city as an additional insured, in an amount not less than fifty thousand dollars ($50,000) combined single limit for any injury to persons and/or damage to property by reason of installation, use and maintenance of such newsrack on public property. The policy shall provide that the insurance coverage shall not be cancelled or reduced by the insurance carrier without the city having been given thirty (30) days' prior written notice thereof by such carrier. The permittee shall provide and keep in force that policy of public liability insurance during such time as it continues to operate any newsrack under the terms of the ordinance codified in this chapter. If the insurance is canceled at any time during the term of the permit, it shall be grounds for revocation of the permit. The application for a permit and all renewal applications shall require applicant's proof of such a policy of public liability insurance in a form acceptable to the director.

(Ord. 6869 § 2 (part), 2001)