§ 26-206. Term and renewal of license

   (a) Term of license. -- A license expires on the first December 31 after its effective date unless it is renewed as provided in this section.

(b) Renewal notice. -- At least 1 month before a license expires, the Commissioner shall mail to the licensee, at the last known address of the licensee:

   (1) a renewal application form; and

   (2) a notice that states:

      (i) the date on which the current license expires;

      (ii) the date by which the Commissioner must receive the renewal application for the renewal to be issued and mailed before the license expires; and

      (iii) the amount of the renewal fee.

(c) Applications for renewal. -- 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 on the form that the Commissioner provides;

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

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

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

HISTORY: An. Code 1957, art. 48B, § 2, 4; 1996, ch. 11.