Maryland Insurance Section 8-509

Article - Insurance

§ 8-509.

      (a)      A license expires on the first July 1 after its effective date and in an odd-numbered year, unless it is renewed for a 2-year term 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 by which the Commissioner must receive the renewal application for the renewal to be issued and mailed before the license expires; and

                  (ii)      the amount of the renewal fee.

      (c)      Before a license expires, the licensee may renew it for an additional 2-year term, if the licensee:

            (1)      otherwise is entitled to be licensed;

            (2)      files with the Commissioner a renewal application on the form that the Commissioner provides; and

            (3)      pays to the Commissioner the applicable renewal fee for an insurance producer under § 2-112 of this article.

      (d)      The Commissioner shall renew the license of each licensee who meets the requirements of this section.



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