§ 26-305. Term and renewal of registration

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

(b) Renewal notice. -- At least 1 month before a registration 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 registration expires;

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

      (iii) the amount of the renewal fee.

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

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

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

HISTORY: An. Code 1957, art. 48B, § 8; 1996, ch. 11.