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� C occurrence; $100,000.00 because of injury to or destruction of property of others in any one occurrence; $200,000.00 for loss of ineans of support or pecuniary loss to any one person in any one occurrence; and $500,000.00 for Ioss of ineans of support or pecuniary loss for two or more persons in any one occurrence. 2. Annual Aggregate Limits: Annual aggregate limits as provided by Minnesota Statutes section 340A.409 shall not be less than $1,000,000.00. In the event such policy provides for ($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 $1,000,00O.00annual aggregate policy limit, the insurance carrier shall provide the City with written notice of said reduction in policy limits within 30days of said reduction becoming effective. (Ord. 1175, 10-28-1996) 3. Further Requirements: After the reduction becomes effective, the City Council may require the licensee to take 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 ofthis subsection. (Ord. 1046, 9-12-1988) Approval of Insurance: Liability insurance palicies shall be approved 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 days' notice, in writing, of cancellation. (Ord. 972, 5-13-1985) 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 non-intoxicating malt liquor in Central Park and that: 1. They are On-sale 3.2 percent malt liquor licenses with sales of less than $10,000.00 of 3.2 percent malt liquor for the preceding year; 2. They are Off-sale 3.2 percent malt liquor licenses with sales of less than $20,000.00 of 3.2 percent malt liquor for the preceding year; 3. They are holders of On-sale wine licenses with sales of less than $10,000.00 for wine for the preceding year; or 4. They are holders of temporary wine licenses issued under law. (Ord. 1175, 10-28- 1996) 302.04: LICENSE FEES: A. Annually: Annual license fee shall be as established by the City Fee Schedule in Section 314.05. (Ord. 1379A, 11-17-2008) B. Fee: 1. Payment: $500.00 of the On-sale intoxicating liquor and wine licenses and the entire license fee for all other licenses shall be paid at the time of application. The remaining balance, if any, shall be paid prior to the time of issuance of the license. 2. Refund: All fees shall be paid into the General Fund of the City. Upon rejection of any application for a license or upan the withdrawal of the application before approval of the issuance by the City Council, the license fee shall be refunded to the applicant except where the rejection is for willful misstatement on the license application.