Current as of: 2010
(a) A license expires on the first July 1 after its effective date and in an odd-numbered year, unless it is renewed for a 2-year term as provided in this section.
(b) At least 1 month before a license expires, the Commissioner shall mail to the licensee, at the last known address of the licensee:
(1) a renewal application form; and
(2) a notice that states:
(i) the date by which the Commissioner must receive the renewal application for the renewal to be issued and mailed before the license expires; and
(ii) the amount of the renewal fee.
(c) Before a license expires, the licensee may renew it for an additional 2-year term, if the licensee:
(1) otherwise is entitled to be licensed;
(2) files with the Commissioner a renewal application on the form that the Commissioner provides; and
(3) pays to the Commissioner the applicable renewal fee for an insurance producer under § 2-112 of this article.
(d) The Commissioner shall renew the license of each licensee who meets the requirements of this section.Prev
Questions & Answers: Insurance
U.S. Code Provisions: Insurance
Federal Regulations: Insurance