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Statutes Text

Article - Insurance


    (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, or send by electronic means in accordance with § 2–116 of this article:

        (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.

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