Section 26-206 - Term and renewal of license(a) A license expires on the first December 31 after its effective date unless it is renewed as provided in this section.(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.(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.(d) The Commissioner shall renew the license of each licensee that meets the requirements of this section.Amended by 2016 Md. Laws, Ch. 84,Sec. 1, eff. 1/1/2017.Amended by 2015 Md. Laws, Ch. 39,Sec. 1, eff. 10/1/2015.