An employee or agent of a rental car agent may be an endorsee authorized to offer, sell, or solicit rental car insurance under the authority of the rental car agent license if all of the following conditions have been satisfied:

(1) The employee or agent is eighteen years of age or older;

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(2) The employee or agent has not committed any act set forth in this chapter;

(3) The employee or agent has completed a training and education program;

(4) The rental car company, at the time it submits its rental car agent license application pursuant to § 58-30-201, also submits a list of the names of all endorsees to its rental car agent license. The list shall be updated and submitted to the director quarterly. However, endorsees may sell, offer, and solicit rental car insurance as soon as they meet the requirements as set forth in this section. Each list shall be retained by the rental car company for a period of five years from submission; and

(5) The rental car company submits to the director with its initial rental car agent license application and annually thereafter a certification, subscribed by an officer of the rental car company on a form or format prescribed by the director, stating both of the following:

(a) That no person other than an endorsee offers, sells, or solicits rental car insurance on its behalf or while working as an employee or agent of the rental car agent; and

(b) That all endorsees have completed the training and education program required by §§ 58-30-197 to 58-30-208, inclusive.

Source: SL 2001, ch 272, § 6; SDCL § 58-9-39; SL 2010, ch 233, § 2.