Renewal or reissuance of licenses contingent on payment of penalty equal to biennial fee specified in Subtitle 4

equal to biennial fee specified in Subtitle 4. (1) The appointment of an agent, including a rental vehicle agent and rental vehicle agent managing employee, may be renewed by an insurer under KRS 304.9-270(9) if the request and late payment for renewal is accompanied by a penalty equal to the amount of the biennial renewal fee specified in Subtitle 4 of this chapter. (2) A license issued under Subtitle 9 of this chapter, surplus lines broker license, life settlement broker license, and life settlement provider license may be reissued under KRS 304.9-260(2) if the request and late payment for reissue are accompanied by a penalty equal to the amount of the biennial renewal fee specified in Subtitle 4 of this chapter.