§ 13-22. Errors and omission insurance on insurance agents and agencies.

(a)

All insurance agents and agencies issuing policies or coverage binders, affecting insurance contracts, or otherwise as insurance agents or agencies doing business with the municipality shall be insured under an errors and omissions liability insurance policy, a current and correct copy of which policy, along with an original of a certificate of insurance, shall be filed with the municipal clerk. Policy and coverage changes shall be reported to the clerk in writing within three (3) days of notice to the agent or agency. The name and address of the insurer and the amount of deductible, if any, shall be submitted to the clerk if not included in the policy or certificate of insurance.

(b)

The governing body shall consider or accept no bids or insurance proposals, contracts, or contract renewals, or otherwise conduct business with or enter into or renew contracts with or through insurance agents or agencies failing to comply with subsection (a) of this section.

(c)

Any person intentionally supplying false or incorrect documents or information pursuant to subsection (a) of this section shall be punished according to the provisions of section 1-8.

(Ord. No. 1980-3, 3-11-80)