1. Every certificate of number awarded pursuant to the provisions of this chapter shall continue in full force and effect for a period of 1 year, or 2 years if allowed by regulations adopted by the Commission, unless sooner terminated or discontinued in accordance with the provisions of this chapter.
2. The fee for the issuance or renewal of a certificate of number for 2 years, if allowed, is an amount which is equal to twice the annual fee for the vessel set forth in paragraph (b) of subsection 2 of NRS 488.075.
3. Certificates of number may be renewed by the owner in accordance with regulations adopted pursuant to subsection 3 of NRS 488.075.