§ A226-16. Liability insurance.

A. 

The company agrees to maintain and keep in force and effect at its sole cost at all times during the term of this consent sufficient liability insurance naming the Township as an additional insured and insuring against loss by any such claim, suit, judgment, execution or demand. The policy shall be in the minimum amounts of $1,000,000 covering liability for any death, bodily injury, property damages or other liability resulting from any one accident or occurrence stemming from or arising out of the company's exercise of its rights hereunder and an excess liability policy in the amount of $10,000,000.

B. 

All insurance required by this ordinance shall be and remain in full force and effect for the entire life of this franchise. A certificate of insurance must be submitted to the Township Attorney to review for compliance with the above mentioned limits of liability. Said certificate of insurance shall be kept on file with the Township Clerk, and the Township shall be an additional insured on said policies. The company shall notify the Township at least 30 days prior of its intention to cancel or change any policy. All of the aforesaid policies shall contain a provision requiring the insurance company give to the Township at least ten-day notice of cancellation.