(a) Licensees under this chapter may request that their license be placed into inactive status as provided by the Commission’s regulations and upon payment of any applicable fee or other reasonable requirements. The licensee must be designated as being inactive and any issued inactive license certification may include an endorsement stating that it is inactive and does not permit the holder to transact business under it.
(b) A licensee may reactivate an inactive license by paying an activation fee and complying with all procedures provided in the regulations.