Question

An agent's license expired on December 1, 2015. His renewal application was not received until July 31, 2016. Which of the following is true regarding the license's renewal?

A - The Director will not accept the agent's renewal application because it was submitted after 6 months of expiration.
B - Expired licensed cannot be renewed.
C - The Director will renew the license, provided that the agent passes the licensing exam again.
D - The Director may accept the application, provided that the agent pays the appropriate renewal fees plus a $100 late fee.

Answer 1

Option D seems plausible, enabling renewal with extra fees, but it's critical to refer to the specific rules of the licensing board. The exact answer will depend on those rules.

Step-by-step explanation:

If an agent's license expired on December 1, 2015, and the renewal application was not received until July 31, 2016, the options for renewal depend on the specific regulations and rules governing the licensing authority, which can vary by jurisdiction. Common practice in many licensing boards is that there is a grace period during which a license can be renewed with additional late fees. If the renewal application is received after this grace period, the license may not be renewable, or it may require the licensee to reapply or retake any examinations.

Without specific rules, the closest answer is Option D: The Director may accept the application, provided that the agent pays the appropriate renewal fees plus a $100 late fee. However, it is essential for the agent to check the particular regulations of the licensing authority to find out the exact policy on late renewals.