A license issued under this chapter continues in force in perpetuity unless:

1.    The license is suspended, revoked, or refused by the commissioner; 2.    The licensee voluntarily consents to the suspension, revocation, or refusal of the license; 3.    The licensee dies or in the case of a business entity, the licensee is dissolved, consolidated, merged, or otherwise has ceased to exist; 4.    The licensee no longer meets the residence requirements of section 26.1-26-19; 5.    The individual resident licensee fails to comply with continuing education requirements of this chapter; 6.    The individual licensee fails to file the biennial continuation and pay the fee; 7.    The surplus lines insurance producer has failed to maintain a resident or nonresident license as an insurance producer as required by section 26.1-26-17, or has failed to pay the annual renewal fee to the commissioner; or

8.    The insurance consultant has failed to pay the annual renewal fee to the commissioner.