| (a) A license issued under the Insurance Code, Article
21.14-1, expires two years after the date of issuance. A licensee
may renew an unexpired license by filing an application for renewal
with the board and paying the renewal fee on or before the expiration
date of the license. The commissioner shall issue a renewal certificate
to the licensee at the time of the renewal if the commissioner determines
the licensee continues to be eligible for the license.
(b) If a person's license has been expired for less
than two years, the person may renew the license by paying the unpaid
renewal fee plus a late renewal charge.
(c) If the person's license has been expired for two
years or more, the person may not renew the license. The person may
obtain a new license by:
(1) filing an application for risk manager's license
form;
(2) submitting to reexamination (if the person is not
exempt from the examination at the time of reapplication);
(3) submitting payment of the license fee; and
(4) complying with the requirements and procedures
for obtaining an original license.
(d) The commissioner will notify each licensee in writing,
by certified mail, return receipt requested, of the pending license
expiration not later than the 30th day before the date on which the
license expires.
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