§ 235-5. Liability Insurance.

The Department of Development shall not issue a license until the applicant submits and files an appropriate certificate of an insurance company licensed to do business in the State of New York. Such insurance shall be provided from an insurance company acceptable to the Corporation Counsel and shall provide coverage of not less than $1,000,000 combined single limit of liability per occurrence for bodily injury and property damage, including blanket contractual liability and all broad form comprehensive general liability enhancements. The certificate shall name as additional insured the City of New Rochelle, and such insurance shall be primary to any insurance held by the City. Said insurance company shall furnish the Department of Development a thirty-day notice in writing of any termination and/or expiration of said insurance. If at any time thereafter said applicant has not appropriately reinstated, extended or renewed said insurance, then any license issued hereunder shall be automatically canceled without notice to anyone and may not be renewed.

Amended 10-21-2004 by Ord. No. 218-2004; 2-9-2016 by Ord. No. 28-2016; 5-22-2018 by Ord. No. 2018-100