5-230. License fees; expiration; renewal
A. The commission may establish and issue annual licenses and may establish and collect fees for those licenses.
B. A license expires December 31 at midnight in the year of its issuance and may be renewed on filing an application for renewal of a license with the commission and payment of the license fee prescribed in subsection A. The application for renewal of a license shall be on a form provided by the commission. There is a thirty day grace period during which a license may be renewed if a late filing penalty fee equal to the license fee is submitted with the regular license fee. A licensee that files late shall not conduct any activity regulated by this chapter until the commission has renewed the license. If the licensee fails to apply to the commission within the thirty day grace period the licensee must apply for a new license pursuant to subsection A.