1. (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.

2. (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. (1) a renewal application form; and

   2. (2) a notice that states:

      1. (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
      2. (ii) the amount of the renewal fee.

3. (c) Before a license expires, the licensee may renew it for an additional 2-year term, if the licensee:

   1. (1) otherwise is entitled to be licensed;
   2. (2) files with the Commissioner a renewal application on the form that the Commissioner provides; and
   3. (3) pays to the Commissioner the applicable renewal fee for an insurance producer under § 2-112 of this article.
4. (d) The Commissioner shall renew the license of each licensee who meets the requirements of this section.

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2021, c. 105, § 1, eff. Oct. 1, 2021.

Formerly Art. 48A, § 721.