Sec. 15. (a) A license issued or renewed under this chapter expires on July 1 after its issuance or renewal. (b) A viatical settlement provider may renew a license by: (1) applying for renewal on forms prescribed by the department; and (2) paying the renewal fee. (c) The department shall adopt rules under IC 4-22-2 to do the following: (1) Set the renewal fee required by this section. (2) Set a date before July 1 and before which receipt of a license renewal application can be processed without a lapse in the license. (d) A viatical settlement provider that submits an application for renewal after the date set under subsection (c)(2): (1) is not entitled to have the license renewed before July 1; and (2) may not act as a viatical settlement provider until the department issues the license renewal, if the department is unable to process the renewal before July 1. As added by P.L.130-1994, SEC.47 and P.L.116-1994, SEC.70. Amended by P.L.32-1998,
SEC.17.