Section 58-22-9 - Annual renewal of license.
58-22-9. Annual renewal of license.
Each licensee shall renew its license for each of its offices annually by filing an application for renewal with the director on or before June 1 of each year, accompanied by the appropriate fees. The application for renewal shall be on such form and shall contain such information as the director by regulation shall prescribe which shall establish that the licensee has continued to maintain necessary qualifications as an escrow agent. If such application for renewal is timely and properly filed and the necessary qualifications are being maintained, the renewal of the license shall be effective on July 1 following the filing of the application and shall be evidenced by an appropriate license issued as of that date.