§ 303-2. Application; liability insurance.

The Clerk shall not issue a license for work until the applicant shall submit and file a duly sworn to application in form authorized and furnished by the City Clerk, which application shall contain the name and address of the applicant, if an individual; the names and addresses of the partners or associates, if a partnership, firm or association; the names of the officers and addresses, if a corporation, and shall file with the City Clerk an appropriate certificate of an insurance company licensed to do business in the State of New York certifying that it has duly issued a policy or policies of insurance insuring the applicant against liability for damages arising from personal injuries, including death, sustained as a result of the aforesaid tree work in the amount of $100,000 for each person and $300,000 for each accident and against property damage liability in an amount of $25,000 for each person and an amount of $50,000 for each accident during the policy period, and that the applicant is duly insured to cover liability prescribed by the Workers' Compensation Law of the State of New York. Said insurance company shall furnish the City Clerk with a thirty-day notice in writing of any termination and expiration of said insurance. If it shall at any time thereafter appear that 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 without payment of a new license fee.