(a) Each license issued under this chapter must expire either 12 or 24 months after issuance or renewal.
(b) A transporter license expires upon the expiration date unless properly renewed under procedures or regulations promulgated by the Division of Motor Vehicles.
(c) A licensee seeking to renew a license must pay, in addition to any other renewal fee required, a fee of $10 per year for each transporter plate issued to the licensee.