Maryland Insurance Section 23-205

      (a)      A registration expires on the first July 1 after its effective date unless it is renewed as provided in this section.

      (b)      Before a registration expires, the registrant may renew it for an additional 1-year term if the registrant:

            (1)      otherwise is entitled to be registered; and

            (2)      pays to the Commissioner a renewal fee of $50.

      (c)      The Commissioner shall renew the registration of each registrant that meets the requirements of this section.