§ 14A-4-404.11.2 — Insurance

14A-4-404.11.2 Insurance.

Every permit application for a mechanical amusement riding device must be accompanied by proof of commercial general liability insurance and property damage insurance, which must name the City of Chicago, its officers and employees as an additional insured on a primary, noncontributory basis for any liability arising directly or indirectly from the permittee’s operations in an amount of not less than $1 million per occurrence for bodily injury, personal injury, and property damage. Such proof of insurance must be filed with the building official and Comptroller. The applicant or permittee must maintain such insurance policy in full force and effect at all times during the permit period. Each policy must include a provision to the effect that the policy is not subject to cancellation, reduction in the amounts of its liabilities, or other material change until notice thereof has been received in writing by the City’s Comptroller, not less than 30 days before such action. Failure to maintain insurance coverage as required by this section will result in revocation of the permit.