If the intermediary's biennial license fee is not paid by the expiration date, the intermediary's license

• A. is revoked by the Insurance Commissioner
• B. continues to be valid with a late fee
• C. is suspended for 30 days
• D. remains valid until renewal

Answer: (A)

Maintaining an intermediary license requires timely payment of the biennial renewal fee. If that fee isn’t paid by the expiration date, the license is revoked by the Insurance Commissioner. This reflects the regulatory authority’s standard that a license cannot remain active once the renewal payment is overdue, so the intermediary cannot transact insurance until the license is properly reinstated. There isn’t a late-fee extension or a temporary suspension that preserves validity; the license ends and would require reapplication and payment to resume.