1. 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.
B. A transportation network company shall maintain insurance in accordance with section 1673.
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.
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
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.
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.
B. Failure to maintain insurance as required by subsection 1, paragraph B is a Class D crime.