(1) A liquor transport license expires on May 31 of each year.

(2) To renew a liquor transport license, a person shall submit to the department by no later then April 30 of the year in which the license expires: (a) a completed renewal application in a form prescribed by the department; (b) a copy of the person's current business license; (c) a bond as specified in Section 32B-17-206; (d) evidence that the person carries liability insurance in an amount and form satisfactory to the department; (e) a report that includes the following information for the period since the liquor transport licensee obtained or renewed a liquor transport license: (i) the number of deliveries the liquor transport licensee made to each type of retail licensee; (ii) each state store and each package agency from which the liquor transport licensee picked up liquor as a liquor transport licensee; (iii) any breakage or shrinkage; and (iv) any other information required by the department; and (f) a $1,200 renewal fee.

(a) a completed renewal application in a form prescribed by the department;

(b) a copy of the person's current business license;

(c) a bond as specified in Section 32B-17-206;

(d) evidence that the person carries liability insurance in an amount and form satisfactory to the department;

(e) a report that includes the following information for the period since the liquor transport licensee obtained or renewed a liquor transport license: (i) the number of deliveries the liquor transport licensee made to each type of retail licensee; (ii) each state store and each package agency from which the liquor transport licensee picked up liquor as a liquor transport licensee; (iii) any breakage or shrinkage; and (iv) any other information required by the department; and

(i) the number of deliveries the liquor transport licensee made to each type of retail licensee;

(ii) each state store and each package agency from which the liquor transport licensee picked up liquor as a liquor transport licensee;

(iii) any breakage or shrinkage; and

(iv) any other information required by the department; and

(f) a $1,200 renewal fee.

(3) Failure to meet the renewal requirements described in this section results in an automatic forfeiture of the liquor transport license effective on the date the existing liquor transport license expires.