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(a) When the division converts annual licenses to biennial licenses, the licensee shall pay a prorated license fee based upon the total biennial license fee divided by 24 and multiplied by the number of months or partial months the new biennial license will cover. The product is rounded to the nearest $5.
(b) If the division issues an initial biennial license
(1) within 90 days before the date by which it must be renewed, the applicant shall pay the entire license fee and the license will be issued to cover up to a 27-month period;
(2) within the 12 months before the date by which the license must be renewed, the applicant shall pay one-half of the prescribed license fee, and shall pay the entire prescribed renewal fee at the time of renewal;
(3) more than 12 months before the date by which the license must be renewed, the applicant shall pay the entire license fee, and shall pay the entire prescribed renewal fee at the time of renewal.
(c) If the division issues an initial certificate of authority within 60 days before the date by which it must be renewed, the applicant shall pay the entire certificate of authority fee and the certificate of authority will be issued to cover up to a 14-month period.
(d) The division will not prorate any other fees.
History: Eff. 7/1/92, Register 123
Authority: AS 21.06.090
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Last modified 7/05/2006