Section 1672 - Transportation network company permit1.Permit required. A person may not operate a transportation network company without a permit issued by the Secretary of State, subject to the following conditions. A. A transportation network company shall pay an annual fee of $10,000 for a permit under this section. [2015, c. 279, §2(NEW).]B. A transportation network company shall maintain insurance in accordance with section 1673. [2015, c. 279, §2(NEW).] [2015, c. 279, §2(NEW).]
2.Application; validity of permit. An application for a permit under this section must be made on a form provided or approved by the Secretary of State. A permit under this section is valid for a period of one year. [2015, c. 279, §2(NEW).]
3.Termination of permit. The Secretary of State shall terminate a permit under this section for failure to maintain insurance required by section 1673 or to otherwise comply with the requirements of this subchapter. The Secretary of State may not reissue a permit terminated under this subsection until: A. A reinstatement fee of $1,000 is paid to the Secretary of State; and [2015, c. 279, §2(NEW).]B. Subsequent to the termination, the transportation network company pays the annual permit fee under subsection 1 and demonstrates compliance with the requirements of this subchapter. [2015, c. 279, §2(NEW).] [2015, c. 279, §2(NEW).]
4.Penalty. The following provisions apply to violations under this section. A. Operation without a permit as required by subsection 1 is a Class D crime. [2015, c. 279, §2(NEW).]B. Failure to maintain insurance as required by subsection 1, paragraph B is a Class D crime. [2015, c. 279, §2(NEW).] [2015, c. 279, §2(NEW).]
Added by 2015, c. 279,§ 2, eff. 6/30/2015.