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§ 26-305. Term and renewal of registration

MD Ins Code § 26-305 (2019) (N/A)
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(a)    A registration expires on the first August 31 after its effective date unless it is renewed as provided in this section.

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

(1)    the process for renewing the registration;

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

(3)    the amount of the renewal fee.

(c)    Before a registration expires, the licensee may renew the registration of a representative for an additional 1–year term if:

(1)    the representative otherwise is entitled to a registration;

(2)    the licensee 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; and

(3)    the licensee pays to the Commissioner a registration renewal fee of $2.

(d)    The Commissioner shall renew the registration of a representative if the licensee and representative meet the requirements of this section.

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