“License year” for a limited lines automobile insurance agent shall be determined as follows:
(a) Upon initial licensing, the license year starts on the date the license is issued.
(b) Subsequently, each license year starts the first day of the month following the month in which the initial license was issued.
(c) A license year ends the following calendar year on the last calendar day of the month in which the initial license was issued.
(Added by Stats. 2007, Ch. 271, Sec. 2. Effective January 1, 2008.)
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