PARRIS N. GLENDENING, Governor                             Ch. 656

(b) (1) Unless a registration is renewed [for a 1-year term] as provided in this
subsection, the registration expires [on the May 1 that comes after the effective date of
the registration] AT THE END OF EVERY OTHER JUNE 30.

(2) Before a registration expires, the registered administrator may renew it
for an additional [ 1-year] 2-YEAR term, if the administrator:

(i) Is otherwise entitled to be registered; and

(ii) Pays to the Commissioner a renewal fee of [$25] $50.

(C) AN APPLICATION FOR RENEWAL OF A REGISTRATION SHALL BE
CONSIDERED MADE IN A TIMELY MANNER IF IT IS POSTMARKED ON OR BEFORE
JUNE 30 OF THE YEAR OF RENEWAL.

685.1.

(A)    ON OR BEFORE SEPTEMBER 30 OF THE RENEWAL YEAR, A PERSON WHOSE
THIRD PARTY ADMINISTRATOR'S REGISTRATION HAS EXPIRED MAY REINSTATE
THE EXPIRED REGISTRATION BY:

(1)      FILING WITH THE COMMISSIONER THE APPROPRIATE
REINSTATEMENT APPLICATION;

(2)     PAYING TO THE COMMISSIONER THE APPLICABLE REINSTATEMENT
FEE REQUIRED UNDER SUBSECTION (C) (B) OF THIS SECTION; AND

(3)      COMPLYING WITH THE BOND REQUIREMENTS OF § 684 OF THIS
SUBTITLE.

(B)     THE FEE FOR A REINSTATEMENT UNDER THIS SECTION SHALL BE TWICE
THE AMOUNT CHARGED FOR A FULL RENEWAL PERIOD FOR THE REGISTRATION
HELD BY THE PERSON SEEKING THE REINSTATEMENT.

(C)     A PERSON WHOSE THIRD PARTY ADMINISTRATOR'S REGISTRATION HAS
EXPIRED MAY NOT ACT IS PROHIBITED FROM ACTING AS A THIRD PARTY
ADMINISTRATOR UNTIL THE EFFECTIVE DATE OF REINSTATEMENT OF THE
REGISTRATION.

(D)    A PERSON WHO DOES NOT COMPLY WITH SUBSECTION (A) OF THIS
SECTION ON OR BEFORE THE END OF SEPTEMBER 30 OF THE YEAR OF EXPIRATION
SHALL APPLY FOR A THIRD PARTY ADMINISTRATOR'S REGISTRATION UNDER § 685
OF THIS ARTICLE AND MEET ANY OTHER REQUIREMENTS SPECIFIED BY THE
COMMISSIONER IN REGULATION.

(E) THE COMMISSIONER MAY LIMIT THE REINSTATEMENT FEE TO THE
AMOUNT OF THE RENEWAL FEE IN CASES WHERE THE REINSTATEMENT APPLICANT
DID NOT MAKE TIMELY RENEWAL BECAUSE OF TEMPORARY INCAPACITY,
HOSPITALIZATION, OR OTHER HARDSHIP.

(E)    (F) THE COMMISSIONER MAY ADOPT REGULATIONS TO CARRY OUT
THIS SECTION.

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