§ 13-1502.1. Insurance requirements.  


Latest version.
  • (a)

    Prior to the issuance of any permit, the applicant shall deposit a copy of the following insurance policies issued by a corporate insurer licensed to do business in the State of Oklahoma:

    (1)

    A policy or policies covering seepage and pollution in an amount not less than one million dollars ($1,000,000.00) for each occurrence; and such policy shall contain coverage for contamination or pollution of surface or subterranean streams, watercourses, lakes or public or private water supplies.

    (2)

    A policy or policies of standard comprehensive public liability insurance, including contractual liability covering, in an amount not less than one million dollars ($1,000,000.00) for each occurrence:

    a.

    Bodily injury; and

    b.

    Property damage; and

    c.

    Automobile accidents.

    (3)

    A policy or policies providing Workers' Compensation coverage in an amount not less than one million dollars ($1,000,000.00) for each occurrence.

    (4)

    A policy or policies providing umbrella coverage, in an amount not less than two million dollars ($2,000,000.00), over and above the limits listed above.

    (b)

    All such policies shall be endorsed to include the City as an additional insured.

    (c)

    All policies shall be endorsed to read:

    "THIS POLICY WILL NOT BE CANCELLED OR NON-RENEWED WITHOUT 30 DAY ADVANCE WRITTEN NOTICE TO THE OWNER AND TO THE CITY OF NORMAN EXCEPT WHEN THIS POLICY IS BEING CANCELLED FOR NONPAYMENT OF PREMIUM, IN WHICH CASE TEN (10) DAYS ADVANCE WRITTEN NOTICE IS REQUIRED".

    Notice of cancellation shall be provided to the City of Norman, Office of City Attorney/Oil and Gas Inspector, P.O. Box 370, Norman, Oklahoma 73070.

    (d)

    If said insurance policy or policies are cancelled or allowed to expire, the Oil and Gas Inspector may seek termination of electric service to all uninsured wells. In addition, or in the alternative, the City of Norman may seek injunctive relief or any other legal remedy available to cease operations of the well(s) until the insurance coverage is reinstated.

(Ord. No. 0-9394-43; Ord. No. 0-1415-7, § 3)