Sec. 13. (a) A license for a child caring institution expires four (4) years after the date of issuance, unless the license is revoked or voluntarily returned.
(b) A license issued under this chapter:
(1) is not transferable;
(2) applies only to the licensee and the location stated in the application; and
(3) remains the property of the department.
(c) When a licensee submits a timely application for renewal, the current license remains in effect until the department issues a license or denies the application.
(d) A current license must be publicly displayed.