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§ 26-206. Term and renewal of license

MD Ins Code § 26-206 (2019) (N/A)
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(a)    A license expires on the first December 31 after its effective date unless it is renewed as provided in this section.

(b)    At least 1 month before a license expires, the Commissioner shall send to the licensee, at the last known address of the licensee or electronic mail address of the holder on record a notice that states:

(1)    the process for renewing the license;

(2)    the date by which the Commissioner must receive the renewal application; and

(3)    the amount of the renewal fee.

(c)    Before a license expires, the licensee may renew it for an additional 1–year term if the holder:

(1)    otherwise is entitled to a license;

(2)    files with the Commissioner a renewal application:

(i)    on the form that the Commissioner provides; or

(ii)    in an electronic format that the Commissioner approves;

(3)    files with the Commissioner the fees to be charged to members;

(4)    provides a financial statement as required under § 26–203(c)(3) of this subtitle; and

(5)    pays to the Commissioner a renewal fee of $100.

(d)    The Commissioner shall renew the license of each licensee that meets the requirements of this section.

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§ 26-205. Issuance or disapproval of license
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