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<br />1. A certificate that there is in effect an annual aggregate insurance policy for <br />dram shop insurance of not less than $300,000 per policy year to cover each <br />person, each occurrence, property damage each occurrence, loss of means of <br />support per person, loss of means of support each occurrence, and policy <br />aggregate; or <br /> <br />2. A certificate of the State Treasurer that the licensee has deposited with him <br />$100,000 in cash or securities which may legally be purchased by savings banks <br />or trust funds having a market value of $100,000. <br />b. General Liability <br />Proof of financial responsibility shall be given by filing a certificate that there is in <br />effect for the license period an insurance policy or pool providing at least $50,000 <br />of coverage because of bodily injury to anyone person in anyone occurrence, <br />$100,000 because of bodily injury to two or more persons in anyone occurrence, <br />$10,000 because of injury to or destruction of property of others in anyone <br />occurrence, $50,000 for loss of means of support of anyone person in anyone <br />occurrence, and $100.000 for loss of means of support of two or more persons in <br />anyone occurrence. <br /> <br />c. Workers' Compensation Insurance <br />The policy limits for workers' compensation insurance shall be as provided for by <br />state law. <br /> <br />d. Additional Requirements <br />The liability insurance required by this section must provide that it may not be <br />canceled for any cause by either the insured or the insurer unless the canceling <br />party has first given ten days' notice in writing to the City of intent to cancel the <br />policy. <br /> <br />All corporations, partnerships, and associations must designate an Operating Manager. <br />The Operating Manager must be a person designated by the licensed premises who is <br />in charge of day-to-day liquor sales. <br /> <br />Execution of Application <br />If the application is by an individual, it shall be signed and sworn to by such person; if by <br />a corporation. by an officer thereof; if by a partnership, by one of the partners; if by an <br />incorporated association, by the operating officer or managing officer thereof. If the <br />applicant is a partnership, the application. license, and insurance pOlicy shall be made <br />and issued in the name of all partners. It shall be unlawful to make any false statement <br />in an application. Falsification is a cause for revocation or denial of the license. <br />