§ 40-22-111 — Renewal of license and annual report

(a) Each license issued under this act shall expire on
December 31. The license shall be renewed annually not later
than December 1. Each licensee shall pay an annual renewal fee
as set by rule of the commissioner.
(b) The renewal fee shall be accompanied by a report, in a
form approved by the commissioner, which shall include:
(i) A copy of the licensee's most recent audited
consolidated annual financial statement including balance sheet,
statement of income or loss, statement of changes in
shareholder's equity and statement of changes in financial
position, or in the case of a licensee that is a wholly owned
subsidiary of another corporation, the consolidated audited
annual financial statement of the parent corporation may be
filed in lieu of the licensee's audited annual financial
statement;
(ii) For the most recent quarter for which data is
available prior to the date of the filing of the renewal
application, but in no event more than one hundred twenty (120)
days prior to the renewal date, the licensee shall provide the
number of payment instruments sold by the licensee in the state,
the dollar amount of those instruments and the dollar amount of
those instruments currently outstanding;
(iii) Any material changes to any of the information
submitted by the licensee on its original application which have
not previously been reported to the commissioner on any other
report required to be filed under this act;
(iv) A list of the licensee's permissible
investments;
(v) A list of the locations, if any, within this
state at which business regulated by this act is being conducted
by either the licensee or its authorized delegates or its
subdelegates;
(vi) The commissioner is authorized for good cause
shown to waive any requirement of this section with respect to
any license renewal application or to permit a license renewal
applicant to submit substituted information in its license
renewal application in lieu of the information required by this
section.
(c) A licensee that has not filed a renewal report or paid
its renewal fee by the renewal filing deadline and has not been
granted an extension of time to do so by the commissioner, shall
have its license suspended on the renewal date. The licensee
has thirty (30) days after its license is suspended in which to
file a renewal report and pay the renewal fee.
(d) Any fee charged and collected under this section shall
be in accordance with W.S. 13-1-603(d) through (f).