Md. Code, Ins. § 26-206

(a) A license expires on the first December 31 after its effective date unless it is renewed as provided in this section. (b) At least 1 month before a license expires, the Commissioner shall send to the licensee, at the last known address of the licensee or electronic mail address of the holder on record a notice that states: (1) the process for renewing the license; (2) the date by which the Commissioner must receive the renewal application; and (3) the amount of the renewal fee. (c) Before a license expires, the licensee may renew it for an additional 1–year term if the holder: (1) otherwise is entitled to a license; (2) files with the Commissioner a renewal application: (i) on the form that the Commissioner provides; or (ii) in an electronic format that the Commissioner approves; (3) files with the Commissioner the fees to be charged to members; (4) provides a financial statement as required under § 26–203(c)(3) of this subtitle; and (5) pays to the Commissioner a renewal fee of $100. (d) The Commissioner shall renew the license of each licensee that meets the requirements of this section.