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2017 Maryland Code
Insurance
Title 26 - Motor Clubs
Subtitle 2 - Licenses
§ 26-206. Term and renewal of license
Universal Citation: MD Ins Code § 26-206 (2017)
- (a) Term of license. -- A license expires on the first December 31 after its effective date unless it is renewed as provided in this section.
- (b) Renewal notice. -- At least 1 month before a license expires, the Commissioner shall send to the licensee, at the last known address of the licensee or electronic mail address of the holder on record a notice that states:
- (1) the process for renewing the license;
- (2) the date by which the Commissioner must receive the renewal application; and
- (3) the amount of the renewal fee.
- (c) Applications for renewal. -- 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:
- (i) on the form that the Commissioner provides; or
- (ii) in an electronic format that the Commissioner approves;
- (3) files with the Commissioner the fees to be charged to members;
- (4) provides a financial statement as required under ยง 26-203(c)(3) of this subtitle; and
- (5) pays to the Commissioner a renewal fee of $ 100.
- (d) Issuance of renewal. -- The Commissioner shall renew the license of each licensee that meets the requirements of this section.
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