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§ 26-206. Expiration and renewal of license

West's Annotated Code of MarylandInsuranceEffective: January 1, 2017

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 26. Motor Clubs
Subtitle 2. Licenses (Refs & Annos)
Effective: January 1, 2017
MD Code, Insurance, § 26-206
§ 26-206. Expiration and renewal of license
Currentness
Expiration date
(a) A license expires on the first December 31 after its effective date unless it is renewed as provided in this section.
Expiration notice
(b) 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.
Renewal application and fee
(c) 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 § 26-203(c)(3) of this subtitle; and
(5) pays to the Commissioner a renewal fee of $100.
Duty of Commissioner to renew license of qualified licensees
(d) The Commissioner shall renew the license of each licensee that meets the requirements of this section.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2015, c. 39, § 1, eff. Oct. 1, 2015; Acts 2016, c. 84, § 1, eff. Jan. 1, 2017.
Formerly Art. 48B, §§ 2, 4.
MD Code, Insurance, § 26-206, MD INSURANCE § 26-206
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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