Sec. 11. (a) To remain in force, a license must be renewed not later than December 31 of each year, beginning with the year following the date of issuance. A licensee may renew a license issued under this chapter by filing a renewal application prescribed by the director. The department shall prescribe the form of the renewal application. To be accepted for processing, a renewal application must be accompanied by:
(1) the license renewal fee fixed by the department under IC 28-11-3-5; and
(2) all other information and documents requested by the director.
(b) The department may fix a daily late fee under IC 28-11-3-5 for a:
(1) renewal application; or
(2) license renewal fee;
that is received by the department after December 31.