2013 Maryland Code
INSURANCE
§ 26-305 - Term and renewal of registration


MD Ins Code § 26-305 (2013) What's This?

§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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