(a) Each license shall remain in effect until its expiration date which shall be at the end of each calendar year or until it is suspended, revoked, or surrendered.\n(b) All renewal applications shall be filed not later than December 1st of each year and shall include:\n(1) The annual license fee of one thousand eight hundred seventy- five dollars ($1,875) per office, if the volume of business transacted therein is equal to or greater than five million dollars ($5,000,000), and one thousand dollars ($1,000) if the volume of business transacted is less than five million dollars ($5,000,000).\n(2) any other information, documents, or reports that the Commissioner may require in order to keep the information and documents contained in the license renewal application up-to-date, as well as any other evidence that proves that the surety bond or guarantee posted by the licensee pursuant to the provisions of this chapter is in effect.\nHistory —Oct. 14, 1995, No. 214, § 7; Dec. 30, 2010, No. 248, § 5; Mar. 26, 2012, No. 60, § 4.
Puerto Rico Legal Code