(a) A registration expires on the first August 31 after its effective date unless it is renewed as provided in this section.
(b) At least 1 month before a registration expires, the Commissioner shall send to the licensee, at the last known address of the licensee or electronic mail address of the licensee on record a notice that states:
(1) the process for renewing the registration;
(2) the date by which the Commissioner must receive the renewal application; and
(3) the amount of the renewal fee.
(c) Before a registration expires, the licensee may renew the registration of a representative for an additional 1–year term if:
(1) the representative otherwise is entitled to a registration;
(2) the licensee 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; and
(3) the licensee pays to the Commissioner a registration renewal fee of $2.
(d) The Commissioner shall renew the registration of a representative if the licensee and representative meet the requirements of this section.