Maryland Insurance Section 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 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)      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)      The Commissioner shall renew the license of each licensee that meets the requirements of this section.