2015 Maryland Code
INSURANCE
Title 10 - REGULATION OF INSURANCE PROFESSIONS
Subtitle 2 - ADVISERS
§ 10-211 - Term and renewal of license

(a) Term of license. -- A license expires at the end of every other June 30 unless it is renewed for a 2-year term as provided in this section.

(b) Renewal notice. -- At least 1 month before a license expires, the Commissioner shall mail to the holder of the license, at the last known address of the holder:

(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) Application for renewal. -- Before a license expires, the holder of the license periodically may renew it for an additional 2-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) pays to the Commissioner the renewal fee required by § 2-112 of this article;

(4) is in compliance with the bond requirement of § 10-206 of this subtitle; and

(5) if the Commissioner determines that an examination is advisable to determine the trustworthiness or competence of a holder, passes an examination given by the Commissioner.

(d) Application considered timely. -- An application for renewal of a license shall be considered made in a timely manner if it is postmarked on or before June 30 of the year of renewal.

(e) Issuance of renewal; effect of filing application. --

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

(2) If the holder of a license files an application for renewal before the license expires, the license shall remain in effect until:

(i) the Commissioner issues a renewal license; or

(ii) 5 days after the Commissioner refuses to renew the license and gives notice of the refusal to the holder.