§ 10.55.065. Indemnification and insurance.

A.

Before obtaining a teen nightclub permit or cultural performance venue, the permittee shall secure and maintain during the full term of the permit, general comprehensive liability insurance issued by one or more companies authorized to do business in the state. The insurance shall be subject to the reasonable approval of the risk manager of the municipality as for form and amount.

B.

The limits of the insurance shall be subject to any statutory changes as to the maximum limits of liability on municipalities of the state during the term of the permit.

C.

The permittee shall deliver to the municipal clerk a copy of all policies required under this provision and all endorsements thereto or other evidence to the reasonable satisfaction of the municipal clerk that the permittee has secured or renewed and is maintaining insurance as required by this section.

D.

The "ACCORD" form of certification of insurance shall not be acceptable as satisfactory evidence of insurance under this section unless the following changes are made on such form:

1.

Any wording on the form stating "This certificate is issued as a matter of information only and confers no rights upon the certificate holder," or to such effect, shall be deleted in its entirety.

2.

Any wording on the form stating: "Should any of the above-described policies be canceled before the expiration date thereof, the issuing company will endeavor to mail 30 day written notice to the below named certificate holder, but failure to mail such notice shall impose no obligation of any kind upon the company," or to such effect, shall be changed to read: "Should any of the above described policies be canceled, reduced as to coverage, or otherwise changed before the expiration date thereof, the issuing company shall provide written notice of such action to the Municipal Clerk."

(AO No. 96-51(S-1), § 1, 8-1-96; AO No. 96-126(S), § 1, 10-1-96)