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application. 3. Subsequent Data: From tiine to time, at the request of the City �a�.�ager, 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/nr wine. (Ord. 972, 5-13��985} C. Liability Insurance: 1. Policy Limits: Prior to the issua�ace or renewal of a license under this Chapter, the applicant shall file with ;l� City Manager a certificate of insurance in a form to be provided by the City covering liquor liability, loss of ineans of support and pecuniary loss in the amount of �ve hundred thousand dollars ($500,000.00) of coverage because of bodily injury to any one person in any one occurrence; one million dollars (,�1,000,000.00} because of bodil� injury to two (2) or more persons in any one occurrence; one hundred thousand dollars ($100,000.00) because of injury to or destruction of prape��y of others in any one occurrence; two hundred thousand dollars ($200,000.00) for loss of ineans of support or pecuniary loss to any one person in any one occurrence; and five hundred thousand dollars ($500,000.00) for loss of ineans of sup�p�� or pecuniary loss for two (2) or more persons in any one occurrence. 2. Annual Aggregate Limits: Annual aggregate li�nit� as provided by 1VTiz�aesota Statutes section 340A.409 shall not be less tha�� one million dollars (� 1,000,000.00). In the event such policy provides for one million dollars (� 1,Q00,000.QQ} annual aggregate limits, said policy shall further require that in the event that the policy limits are reduced in any given year because of the one million dollar ($i,040,OQQ,00) annual aggregate policy limit, the insurance carrier shall provide the City with wri�t�n notice of said reduction in policy limits within thirty (30) days of said reduction becoming effective. (Ord. 1175, 10-28-1996) 3. Fui�her Requirements: A�ez the reduction becomes effective, the City Couz�cii 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 zxevv licenses issued a�rter the effective date of this subsection and for renewals applied for after the effective date of this subsection. (Ord. 1046, 9-12-1988) D. Approval of Insurance: Liability insurance policies shall be approved as to fonn 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 rnalt liquor in Central Park and that: t. 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 malt liquor for the preceding year; 2. They are Off-sale 3.2 percent malt liquor lice�asees with sales of less than twenty thousand dollars ($20,000.00) of 3.2 percent n�alt liquor for the preceding year; 3. They are holders of On-sale wine licenses with sales of less than te�� thousand dollars ($10,000.00) for wine for the preceding year; or 4. They are holders of temporary wine licenses issued under law. (Ord. 1175, � 0-28� 1996)