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application. 3. Subsequent Data: From tiz�e 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 tlze sale of liquor aridl�r wine. (Ord. 972, 5-13-1985) �. 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 form to be provided by the City covering liquor liability, loss of ineans of support and pecuniary loss in the a�a�ot�a�ti of five 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,OQQ.00) because of bodily injury to two (2) or more persons in any one occurrence; one hundred thousand dollars ($10Q,QQQ.OQ} because of injury to or destruction of property 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 ($500,000.00) for loss of ineans of support or pecuniary loss for two (2) or more persons in any one occurrence. 2. Annual Aggregate Limits: Annual aggregate limits as provided by Minnesota Statutes section 340A.409 shall not be less than one million dollars ($�,O�O,QO�.QO). In the event such policy provides for one million dollars (�1,OOQ,OOO.OQ} 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 ($1,0�Q,�00,00) annual aggregate policy limit, the insurance carrier shall provide the City with written notice of said reduction in policy limits within thirty (30) days of said reduction becoming effective. (Ord. 1 I7�, 1�-28-T9g6) 3. �'��-i�ae� 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 ilew licenses issued a�er 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 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 Ci�,y will be given ten (10) 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 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.� percent malt liquor for the preceding year; 2. They are Off-sale 3.2 percent malt liquor licensees with sales of less than twenty thousand dollars ($20,000.00) of 3.2 percent mall liquor for the preceding year; 3. They are holders of On-sale wine licenses with sales of less than ten thousand dollars ($10,000.00) for wine for the preceding year; or 4. They are holders of temporary wir7e licenses issued under law. (Ord. 1175, � 0-2�- 1995)