Md. Code, Insurance § 8-509
This is the official text of Md. Code, Insurance § 8-509, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§8–509.
Official statutory text
(a) A license expires on the first July 1 after its effective date and in an odd-numbered year, unless it is renewed for a 2-year term as provided in this section.
(b) At least 1 month before a license expires, the Commissioner shall mail to the licensee, at the last known address of the licensee, or send by electronic means in accordance with § 2–116 of this article:
(1) a renewal application form; and
(2) a notice that states:
(i) the date by which the Commissioner must receive the renewal application for the renewal to be issued and mailed before the license expires; and
(ii) the amount of the renewal fee.
(c) Before a license expires, the licensee may renew it for an additional 2-year term, if the licensee:
(1) otherwise is entitled to be licensed;
(2) files with the Commissioner a renewal application on the form that the Commissioner provides; and
(3) pays to the Commissioner the applicable renewal fee for an insurance producer under § 2-112 of this article.
(d) The Commissioner shall renew the license of each licensee who meets the requirements of this section.
(b) At least 1 month before a license expires, the Commissioner shall mail to the licensee, at the last known address of the licensee, or send by electronic means in accordance with § 2–116 of this article:
(1) a renewal application form; and
(2) a notice that states:
(i) the date by which the Commissioner must receive the renewal application for the renewal to be issued and mailed before the license expires; and
(ii) the amount of the renewal fee.
(c) Before a license expires, the licensee may renew it for an additional 2-year term, if the licensee:
(1) otherwise is entitled to be licensed;
(2) files with the Commissioner a renewal application on the form that the Commissioner provides; and
(3) pays to the Commissioner the applicable renewal fee for an insurance producer under § 2-112 of this article.
(d) The Commissioner shall renew the license of each licensee who meets the requirements of this section.
Status: in_force · Read it on the official government site
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