Renewal timing and fees: if renewal is filed on time, which statement is correct?

• A. The renewal application keeps the license in effect from the filing date until the renewal license is issued
• B. Renewal requires no fee
• C. Renewal requires re-examination
• D. Renewal is not allowed if the license has expired previously

Answer: (A)

When a renewal is filed on time, the license stays in effect from the filing date until the renewal license is issued. This means there’s no lapse in authority to transact insurance business while the renewal is being processed. Renewal always involves a renewal fee, so saying there’s no fee is incorrect. Re-examination isn’t required for a standard renewal, so needing to retake exams wouldn’t apply. And being previously expired doesn’t block timely renewal—the renewal can proceed if filed before the expiration, though separate rules may apply for late renewals or reinstatement.