Authorization, Prerequisites, Violations

Authorization, Prerequisites, Violations A. The Commissioner may issue to a rental company that has complied with the requirements of this section a limited license authorizing the limited licensee to sell, solicit, or negotiate insurance in connection with the rental of vehicles. Each limited licensee rental company shall designate a licensed producer responsible for the business entity's compliance with the insurance laws, rules and regulations of this state. B. As a prerequisite for issuance of a rental company's limited license under this section, there shall be filed with the Commissioner a written application for a limited license including the designation of at least one licensed producer in accordance with Miss. Code Ann. § 83-17-61 (2)(b) (Supp. 2001) and this Regulation, signed by an officer of the applicant rental company, using the form and containing such information as the Commissioner may prescribe. C. In the event that any applicable provision of Title 83 of the Mississippi Code, or any Regulation or of Bulletin issued by the Mississippi Department of Insurance is violated by a limited licensee, the Commissioner may, after a notice and a hearing place on probation, suspend, revoke or refuse to issue or renew the limited license or impose other administrative penalties in accordance with Miss. Code Ann. § 83-17-71 (Supp. 2001).