Unannotated Code of Maryland (Last Updated: May 16, 2014) |
INSURANCE |
TITLE 10. REGULATION OF INSURANCE PROFESSIONS |
SUBTITLE 4. PUBLIC ADJUSTERS |
§ 10-408. Term and renewal of license
Latest version.
-
(a) Term of license. -- A license expires at the end of every other June 30 unless it is renewed for a 2-year term as provided in this section.
(b) Renewal notice. -- At least 1 month before a license expires, the Commissioner shall mail to the holder of the license, at the last known address of the holder:
(1) a renewal application form; and
(2) a notice that states:
(i) the date by which the Commissioner must receive the renewal application for the renewal to be issued and mailed before the license expires; and
(ii) the amount of the renewal fee.
(c) Application for renewal. -- Before a license expires, the holder of the license may renew it for an additional 2-year term, if the holder:
(1) otherwise is entitled to a license;
(2) files with the Commissioner a renewal application on the form that the Commissioner provides; and
(3) pays to the Commissioner the renewal fee required by § 2-112 of this article.
(d) Application considered timely. -- An application for renewal of a license shall be considered made in a timely manner if it is postmarked on or before June 30 of the year of renewal.
(e) Issuance of renewal; effect of filing application. --
(1) The Commissioner shall renew the license of each holder who meets the requirements of this section.
(2) If the holder of a license files an application for renewal before the license expires, the license shall remain in effect until:
(i) the Commissioner issues a renewal license; or
(ii) 5 days after the Commissioner refuses in writing to renew the license and serves notice of the refusal on the holder.
HISTORY: An. Code 1957, art. 48A, § 181, 181.1; 1995, ch. 36; 1996, ch. 369, § 2; 1997, ch. 656, § 6; 2004, chs. 25, 290, 291; 2005, ch. 25, § 1.