Title
Amending Chapter 310 of the Saint Paul Legislative Code pertaining to termination of licenses, surety bonds, and insurance contracts.
Body
THE COUNCIL OF THE CITY OF SAINT PAUL DOES ORDAIN:
SECTION 1
Section 310.07 of the Saint Paul Legislative Code is hereby amended to read as follows:
Sec. 310.07. - Termination of licenses; surety bonds; insurance contracts.
(a) Automatic termination, reinstatement; responsibility of licensee. All licenses or permits which must, by the provisions of these chapters or other ordinances or laws, be accompanied by the filing and maintenance of insurance policies, deposits, guarantees, bonds or certifications shall automatically terminate on cancellation or withdrawal of said policies, deposits, bonds or certifications. No licensee may continue to operate or perform the licensed activity after such termination. The licensee is liable and responsible for the filing and maintenance of such policies, deposits, guarantees, bonds or certifications as are required in these chapters, and shall not be entitled to assert the acts or omissions of agents, brokers, employees, attorneys or any other persons as a defense or justification for failure to comply with such filing and maintenance requirements. In the event the licensee reinstates and files such policies, deposits, bonds or certifications without a lapse within thirty (30) days, the license is automatically reinstated on the same terms and conditions, and for the same period as originally issued. After thirty (30) days, the applicant must reapply for a renewal of his new license as though it were an original application.
If there is a lapse in insurance, the licensee is subject to adverse action in accordance with Saint Paul Legislative Code ยง 310.05. License is null and void during the lapse.
(b) Bonds and insurance requirements:
(1) Surety Companies: All surety bonds running to the City of Sain...
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