20-289

20-289. Expiration; surrender; renewal

A. Any license that is issued pursuant to this article, other than a temporary
license, continues in force until it expires or the director suspends, revokes or
terminates the license. The license is also subject to renewal pursuant to this section.

B. A license that is issued or renewed pursuant to this article or a license that
is issued or renewed pursuant to chapter 6, article 9 of this title expires quadrennially
as follows:

1. If the licensee is an individual, on the last day of the month of the licensee's
birthday, but not less than three years and not more than four years after the last day
of the month in which the license is issued or is required to be renewed.

2. If the licensee is a business entity, on the last day of the same month four
years after the issuance or renewal due date of the license as provided pursuant to this
article.

C. The director may renew a license if the director receives from the licensee all
of the following on or before the license expiration date:

1. An application on a form approved by the director.

2. The license fee prescribed in section 20-167.

3. Evidence that the licensee has complied with the continuing education
requirements prescribed in chapter 18 of this title.

D. Before renewing a license, the director may require the applicant to:

1. Provide all documents that are reasonably necessary to verify the information
that is contained in the application and any other information including prior criminal
records.

2. Submit a full set of fingerprints to the department. The department of
insurance shall submit the fingerprints to the department of public safety for the
purpose of obtaining a state and federal criminal records check pursuant to section
41-1750 and Public Law 92-544. The department of public safety may exchange this
fingerprint data with the federal bureau of investigation.

E. Any license for which the director does not receive timely application for
renewal and full payment of fees expires at midnight on the renewal date. During the year
after the expiration of a license under this section, a person who otherwise meets the
qualifications for a license may renew an expired license by filing with the director a
renewal application, the quadrennial license fee and an additional one hundred dollars as
a late renewal fee. Any application that is received during this one year period for the
same license that expired under this section is deemed a renewal application. Any
application that is received after the one year period for the same license that expired
under this section is deemed a new application.

F. On the written request of a person who is licensed pursuant to this article, the
director may accept the voluntary surrender of the person's authority to transact one or
more lines of insurance or of the person's entire license. A person who surrenders an
authority or a license under this subsection shall not reapply for the same authority or
license for at least one year after the date of the surrender.