Effective Jan. 1, 2001, rental car companies that offer or sell insurance must be licensed by the California Department of Insurance (CDI) as an insurance agent, broker or as a rental car agent. The CDI has added a “Rental Car Insurance Licensing” page to its website, www.insurance.ca.gov.
The new law and the types of insurance that a rental car agent may sell can be found on the CDI website. In addition to the instructions on how a rental car insurance company may be licensed, the web page shows how a rental car company may endorse their employees to offer or sell this coverage. There are also links to the application that fits the needs of an individual or a business entity, the insurer certification, the initial certification of authorized employees, the required training material, the application fee and a checklist of required application materials.
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