A person who seeks to act as an independent mobility motor vehicle dealer shall provide with each application for a general distinguishing number and each renewal application:
(1) a written statement that the dealer:
(A) shall maintain written records until at least the third anniversary of the date that adaptive work is performed; and
(B) agrees to comply with Chapter 469, Government Code; and
(2) proof that the person:
(A) maintains a garagekeeper's insurance policy in an amount of at least $50,000 and a products-completed operations insurance policy in an amount of at least $1 million per occurrence and in the aggregate;
(B) holds a welder's certification, or that the person's approved subcontractor holds a certificate, that complies with the standards of the American Welding Society Sections D1.1 and D1.3, if the person or subcontractor will perform any structural modifications; and
(C) is registered with the National Highway Traffic and Safety Administration.