(a) No registration shall be completed pursuant to the provisions of this division until the applicant for same furnishes and maintains during all times that the registration is in effect, bodily injury and property damage liability insurance coverage with limits of at least one million dollars ($1,000,000.00) per occurrence.
(b) The registrant shall furnish the city with a certificate of such insurance coverage, which shall note that the insurance coverage shall not be terminated except upon thirty (30) days’ written notice to the City of Norfolk.
(c) The policy of insurance required by this section shall be purchased at the expense of the registrant, shall be in effect for at least one (1) year from the date of registration, and shall provide coverage of products, hazards and completed operations. Expiration or cancellation of the policy shall automatically suspend the registration until a substitute policy has been obtained, and a certificate of that fact filed in the office of the city.
Source: Code 1962, § 4-1-4 ; Ord. No. 4384, § 4, 11-2-98; Ord. No. 4703, § 3, 10-20-03; Ord. No. 4760, § 2, 11-15-04