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application. 3. Subsequent Data: FroIn tiIne to time, at the request of the City Manager, a licensee will provide data to the City concerning that portion of its revenue attributable to the sale of food and the sale of liquor and/or wine. (Ord. 972, 5-13-1985) C. Liability Insurance: 1. Policy Limits: Prior to the issuance or renewal of a license under this Chapter, the applicant shall file with the City Manager a certificate of insurance in a fonn to be provided by the City covering liquor liability, loss of means of support and pecuniary loss in the mnount of five hundred thousand dollars ($500,000.00) of coverage because of bodily injury to anyone person in anyone occurrence; one million dollars ($1,000,000.00) because of bodily injury to two (2) or Inore persons in anyone occurrence; one hundred thousand dollars ($100,000.00) because of injury to or destruction of property of others in anyone occurrence; two hundred thousand dollars ($200,000.00) for loss of means of support or pecuniary loss to anyone person in anyone occurrence; and five hundred thousand dollars ($500,000.00) for loss of means of support or pecuniary loss for two (2) or Inore persons in anyone occurrence. 2. Annual Aggregate Limits: Annual aggregate liInits as provided by Minnesota Statutes section 340AA09 shall not be less than one Inillion dollars ($1,000,000.00). In the event such policy provides for one million dollars ($1,000,000.00) annual aggregate limits, said policy shall further require that in the event that the policy limits are reduced in any given year because of the one million dollar ($1,000,000.00) annual aggregate policy limit, the insurance carrier shall provide the City with written notice of said reduction in policy liInits within thirty (30) days of said reduction becOlning effective. (Ord. 1175, 10-28-1996) 3. Further Requirements: After the reduction becomes effective, the City Council may "require the licensee totake further action with regard to -liability insurance in order to protect citizens of the City during the period of the reduced aggregate policy limit. 4. Applicability: The requirements of this Section shall be applicable to new licenses issued after the effective date of this subsection and for renewals applied for after the effective date of this subsection. (Ord. 1 046, 9-1~-1988) D. Approv*l of Insurance: Liab11~ty~ insurance policies shall be~ app~oved as to form by::- ::.~: : ~ the;City-Attorney. Operation of a licensed business without having on file with the City, at all times, a certificate of insurance as required in subsection C of this Section is a cause for revocation of the license. All insurance policies shall state that the City will be given ten (10) days' notice, in writing, of cancellation. (Ord. 972, 5-13-1985) E. Insurance Not Required: Subsection C of this Section does not apply to licensees who by affidavit establish that they are not engaged in selling any intoxicating or nonintoxicating malt liquor in Central Park and that: 1. They are On-sale 3.2 percent malt liquor licensees with sales of less than ten thousand dollars ($10,000.00) of 3.2 percent n1alt liquor for the preceding year; 2. They are Off-sale 3.2 percent Inalt liquor licensees with sales of less than twenty thousand dollars ($20,000.00) of 3.2 percent malt liquor for the preceding year; 3. They are holders of On-Bale wine licenses with sales of less than ten thousand_ y dollars ($10,000.00) for wine for the preceding year; or 4. They are holders ofteInporary wine licenses issued under law. (Ord. 1175, 10-28- 1996)