Maryland Code, Insurance § 26-305

Current as of January 01, 2025 | Updated by Findlaw Staff

(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 send to the licensee, at the last known address of the licensee or electronic mail address of the licensee on record a notice that states:

(1) the process for renewing the registration;

(2) the date by which the Commissioner must receive the renewal application; and

(3) 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:

(i) on the form that the Commissioner provides; or

(ii) in an electronic format that the Commissioner approves; 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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Cite this article: FindLaw.com - Maryland Code, Insurance § 26-305 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-26-305/

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