§ 58-30-201 — Rental car company as limited lines insurance producer--License requirements.

A rental car company may apply to be licensed as a limited lines insurance producer under the terms of §§ 58-30-197 to 58-30-208 , inclusive, if it satisfies all of the requirements of §§ 58-30-197 to 58-30-208 , inclusive, and if it files the following documents with the director: (1) A written application for licensure, signed by the applicant or by an officer of the applicant, in the form or format prescribed by the director that includes a listing of all locations at which the rental car company intends to offer, sell, or solicit rental car insurance; (2) A certificate, by the insurer that is to be named in the rental car agent license, stating that the insurer has satisfied itself that the named applicant is trustworthy and competent to act as its rental car agent limited to this purpose; that the insurer has reviewed the endorsee training and education program required by § 58-30-203 and believes that it satisfies the statutory requirements; and that the insurer will appoint the applicant to act as its rental car agent to offer, sell, or solicit rental car insurance if the license for which the applicant is applying is issued by the director. The certification shall be subscribed by an officer or managing agent of the insurer on a form or format prescribed by the director.

Legislative History

SL 2001, ch 272, § 5; SDCL § 58-9-38; SL 2010, ch 233, § 2.