§ 12-55. Insurance required.

(a)

Before the board of directors shall grant any permit under the provisions of this division, as a minimum requirement the owner or operator of such business applying for the same shall deposit with the city clerk, and keep in effect at all times, a policy or policies of liability insurance issued by a responsible insurance company or companies duly authorized and licensed to transact such business in the state, insuring the owner, operator and any and all persons driving any vehicles of such permittee in at least the amounts required by statute.

(b)

Such policies of liability insurance shall provide that they may not be canceled without first giving the city clerk ten (10) days' notice in writing.

(Code 1976, § 32-85)

State law reference

Minimum required insurance, A.C.A. § 27-22-104.