Maryland Insurance Section 26-305

Article - Insurance

§ 26-305.

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

      (b)      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)      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)      The Commissioner shall renew the registration of a representative if the licensee and representative meet the requirements of this section.



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