§ 26.1-26-31 — Term of license

A license issued under this chapter continues in force in perpetuity unless:
1. The license is suspended, revoked, or refused by the commissioner;
2. The licensee voluntarily consents to the suspension, revocation, or refusal of the
license;
3. The licensee dies or in the case of a business entity, the licensee is dissolved,
consolidated, merged, or otherwise has ceased to exist;
4. The licensee no longer meets the residence requirements of section 26.1-26-19;
5. The individual resident licensee fails to comply with continuing education requirements
of this chapter;
6. The individual licensee fails to file the biennial continuation and pay the fee;
7. The surplus lines insurance producer has failed to maintain a resident or nonresident
license as an insurance producer as required by section 26.1-26-17, or has failed to
pay the annual renewal fee to the commissioner; or
8. The insurance consultant has failed to pay the annual renewal fee to the
commissioner.