(1)  The division shall issue a license under this chapter in accordance with a two-year renewal cycle established by rule.

(2)  The division may, by rule, extend or shorten a renewal cycle by as much as one year to stagger the renewal cycles it administers.

(3)  A license automatically expires on the expiration date shown on the license unless the licensee renews it in accordance with Section 58-1-308.

Renumbered and Amended by Chapter 82, 2012 General Session