[Amended 12-16-2019 by Ord. No. 2019-18]
No license shall be issued until the applicant files with the
Village Clerk a policy of liability insurance covering all
vehicles to be included under the license. Such policy shall be issued
by a company licensed to do business in the state and shall insure
the licensee against loss from liability to the amount of $1,000,000
for the injury or death of one person in any one accident and in the
amount of $1,000,000 for damage to property of others for any one
accident due to the negligent operation of such vehicle. The license
shall automatically be revoked if a current insurance certificate
is not on file with the Village.