§ 26-206
191 words·~1 min read·
/md/insurance/26-206A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§26–206.
(a)A license expires on the first December 31 after its effective date unless it is renewed as provided in this section.
(b)At least 1 month before a license expires, the Commissioner shall send to the licensee, at the last known address of the licensee or electronic mail address of the holder on record a notice that states:
(1)the process for renewing the license;
(2)the date by which the Commissioner must receive the renewal application; and
(3)the amount of the renewal fee.
(c)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:
(i)on the form that the Commissioner provides; or
(ii)in an electronic format that the Commissioner approves;
(3)files with the Commissioner the fees to be charged to members;
(4)provides a financial statement as required under § 26–203(c)(3) of this subtitle; and
(5)pays to the Commissioner a renewal fee of $100.
(d)The Commissioner shall renew the license of each licensee that meets the requirements of this section.