1. A license expires on December 31 of each year unless renewed by the licensee through
the payment, on or before that date, of an annual fee of not more than $1,000 for
each license held by the licensee. The Commissioner may reinstate an expired license upon receipt of the annual fee
and a fee of not more than $400 for reinstatement.
2. The Commissioner shall adopt regulations establishing the amount of the fees required
pursuant to this section.
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