Indiana Code Title 16. Health § 16-21-2-14

(1) expires:

(2) is not assignable or transferable;

(3) is issued only for the premises named in the application;

(4) must be posted in a conspicuous place in the facility;  and

(5) may be renewed each year, or every two (2) years for a hospital or rural emergency hospital, upon the payment of a renewal fee at the rate adopted by the state department under IC 4-22-2.