Sec. 7. (a) A renewal license shall be issued by the commissioner to a licensee who:
(1) has continuously maintained a license in effect;
(2) pays a renewal fee of:
(A) three hundred dollars ($300) for bail agents; and
(B) three hundred dollars ($300) for recovery agents;
(3) has fulfilled the continuing education requirement as required under subsection (b);
(4) satisfactorily completes a renewal examination if required by the commissioner; and
(5) has in all other respects complied with and been subject to this article.
(b) A licensee shall complete at least six (6) hours of continuing education courses that:
(1) are approved under section 7.1 of this chapter; and
(2) apply to the licensee's particular license, including instruction in the laws that relate to the conduct of a bail agent or recovery agent;
during each license period. A continuing education course that is used to fulfill the continuing education requirements for an insurance producer license under IC 27-1-15.7 may not be used to satisfy the continuing education requirement set forth in this section.
(c) After the receipt of the licensee's application for renewal, the current license continues in effect until the renewal license is issued, suspended, or denied for cause.
As added by P.L.261-1985, SEC.1. Amended by P.L.224-1993, SEC.18; P.L.102-2005, SEC.4; P.L.81-2012, SEC.39; P.L.187-2017, SEC.1.
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