(a) A licensee under this article shall pay an annual renewal fee of $750 no later than December 31 in order to be licensed for the next calendar year.
(b) A licensee under this article shall submit a renewal report with the renewal fee, in a form prescribed by the commissioner. The renewal report must state or contain:
(1) a description of each material change in information submitted by the licensee in its original license application which has not been reported to the commissioner on any required report;
(2) a list of the licensee's permissible investments and a certification that the licensee continues to maintain permissible investments according to the requirements set forth in §§ 23-55-701 and 23-55-702; and
(3) proof that the licensee continues to maintain an adequate surety bond as required by § 23-55-204.
(c) A licensee that does not comply with subsections (a) and (b) by December 1 shall pay a late fee of $250 if the complete renewal application is received before the expiration of the license.
(d) The commissioner for good cause may grant an extension of the renewal date.