(1) the taxicab company or transportation network company provides proof of insurance coverage for the limits required in this Chapter for all employed or affiliated drivers; and

(2) the taxicab company or transportation network company submits an affidavit sworn under penalty of perjury that the taxicab company or transportation network company is in compliance with the driver requirements, vehicle requirements, insurance, and operational requirements under this Chapter.

(b) Licenses issued under this Chapter are effective upon approval and must be renewed through the Department annually on or before the expiration date of the license in order to continue operating after the expiration date.

(c) A person shall not operate a transportation network

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CH. 28 – TRANSPORTATION/TAXICAB NETWORK COMPANY SERVICES ACT

company or a taxicab transportation network company in Guam without first having obtained a license from the Director.

(d) A license issued to a transportation network company or a taxicab transportation network company by the Director shall be effective for one (1) year.

(e) The Director shall issue a license to a transportation network company or a taxicab transportation network company that meets the requirements set forth in this Transportation Network Company Services Act, and any rules adopted by the Director pursuant to the Administrative Adjudication Law – Article 3, Chapter 9, Title 5, Guam Code Annotated.

(f) No taxicab company or transportation network company license shall be issued or valid until the affidavit and proof of insurance coverage referenced in this Section has been approved and the fee prescribed in this Chapter has been paid.

(g) Drivers who are independent contractors and affiliated with licensed taxicab companies or transportation network companies shall obtain a business license.