§431:9-232  Extension of licenses.  (a) 
Prior to the extension of a license, each licensee shall annually pay the fee
required in section 431:7-101.



(b)  A license for an adjuster or independent
bill reviewer shall be inactivated if a licensee fails to pay any required fees
or penalties.



An adjuster or independent bill reviewer who
allows the adjuster's or independent bill reviewer's license to become inactive
for nonpayment of the renewal fee may reinstate that license without the
necessity of a written examination; provided that the adjuster or independent
bill reviewer:



(1)  Pays the fee and a penalty in the amount of fifty
per cent of the then unpaid fees within twenty-four months from the
inactivation date; and



(2)  Is in compliance with all requirements of chapter
431.



The license shall automatically expire if the
adjuster or independent bill reviewer does not reinstate the license within the
twenty-four-month period.



(c)  When the commissioner issues or extends a
license, the commissioner shall:



(1)  Determine the extension date, which is that date
prior to which the license must be extended; and



(2)  Notify the licensee in writing of the extension
date.



The extension date shall be any date not less than
one year and not more than three years after the date of the issue or the last
extension of the license. [L 1987, c 347, pt of §2; am L 1999, c 163, §4; am L
2002, c 155, §23; am L 2006, c 154, §18]