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City of Arden Hills Chapter S Alcuhalic Beverages <br />500.10 Liability Insurance. No retail alcoholic beverage license may be issued, maintained, or <br />renewed unless the applicant demonstrates proof of financial responsibility. The City shall <br />submit to the Co�nmissioner af P�blic Safety the applicant's proof oi �nancial respansibility. <br />Subd. 1 Minimum Coverages. The minimum requirement for proof of financial <br />responsibility may be given by filing: <br />A. A certificate that states �here es a� effect for the license period an <br />insura�ce policy issued by an insurer required to be license under Minn. <br />Stat. 60A.07 Subd. 4, or by an insurer recognized as an eligible surplus <br />lines carrier pursua�nt to Minn. Stat. 60A.2U6, or pool providing at least <br />$50,000 of coverage because of bodi[y injury to any one person in any one <br />occurrence, $100,000 because of bodily injury to two (2) or �ore persons <br />in any one occurrence, �10,000 because oF inj�ry to or destiruction of <br />property oi others in any one occuwrence, $50,000 for �oss of ineans of <br />support of any one person in any one occurrence, and $100,Q00 for ioss of <br />means of support for two (2) or more �ersons in any one occurrence or; <br />B. A Bo�d fxom a surety compan� witk minimum coverages as provided in <br />Section 500.10, Subd. 1(a). <br />5-11 <br />Revised August 31, 2009 <br />