Any license issued under the provisions of this subchapter shall continue in force upon payment of the corresponding fees on or before the midnight of June 30 of each year, unless it is revoked or suspended by the Commissioner in the course of a given fiscal year.
History —Ins. Code, added as § 21.070 on June 15, 1961, No. 68, p. 133, eff. July 1, 1961.