1. A. A renewal license shall be issued by the Insurance Commissioner to a licensee who has continuously maintained same in effect, without further examination, upon payment of a renewal fee of One Hundred Dollars ($100.00) for a bail bondsman and proof of completion of eight (8) hours of continuing education as required by Section 1308.1 of this title. The renewal fee shall be submitted by September 15 of each year. Such licensee shall in all other respects be required to comply with and be subject to the provisions of Section 1301 et seq. of this title.
2. B. In case of renewal of a professional bondsman license, the application shall also provide a financial statement prepared by an accounting firm or individual holding a permit to practice public accounting in this state in accordance with generally accepted principles of accounting procedures showing assets, liabilities, and net worth, said statement to be as of a date not earlier than ninety (90) days prior to submission of the license renewal application. The statements shall be attested to by an unqualified opinion of the accounting firm or individual holding a permit to practice public accounting in this state that prepared the statement or statements. The statement shall be submitted by September 15 of each year.
3. C. In case of renewal of a property bondsman license, the application shall also provide a county assessor's written statement stating the property's assessed value for each property used to post bonds and a written statement from any lien holder stating the current payoff amount on each lien for each property used to post bonds. The written statements shall be submitted by September 15 of each year.
4. D. If the license is not renewed or the renewal fee is not paid by September 30 of each year, such license shall expire automatically pursuant to Section 1304 of this title. If after November 30 of each year the license has not been renewed or the renewal fee paid, then such licensee shall be required to apply for a license as a new applicant.
5. E. Late renewal fees shall be double the original fee.

Laws 1965, HB 642, c. 184, § 9, eff. January 1, 1966; Amended by Laws 1984, SB 433, c. 225, § 9, emerg. eff. May 23, 1984; Amended by Laws 1987, HB 1033, c. 211, § 10, eff. November 1, 1987; Amended by Laws 1989, SB 339, c. 257, § 3, eff. November 1, 1989; Amended by Laws 1992, SB 800, c. 98, § 5, eff. September 1, 1992; Amended by Laws 1994, SB 822, c. 186, § 1 (repealed by Laws 1995, HB 1012, c. 1, § 40, emerg. eff. March 2, 1995); Amended by Laws 1994, SB 604, c. 331, § 3, eff. September 1, 1994; Amended by Laws 1995, HB 1012, c. 1, § 20, emerg. eff. March 2, 1995.