(1) The owner of an autocycle may register and license it as a motorcycle under § 27-20-105.
(2) In addition to the application to register the autocycle, the owner of an autocycle shall provide proof of insurance as required under the Motor Vehicle Safety Responsibility Act, § 27-19-101 et seq., and § 27-22-101 et seq.
(3) The fee for registering and licensing an autocycle shall be five dollars ($5.00).