A license issued under this chapter continues in force in perpetuity unless: 1. The license is suspended, revoked, or refused by the commissioner; 2. The licensee voluntarily consents to the suspension, revocation, or refusal of the license; 3. The licensee dies or in the case of a business entity, the licensee is dissolved, consolidated, merged, or otherwise has ceased to exist; 4. The licensee no longer meets the residence requirements of section 26.1-26-19; 5. The individual resident licensee fails to comply with continuing education requirements of this chapter; 6. The individual licensee fails to file the biennial continuation and pay the fee; 7. The surplus lines insurance producer has failed to maintain a resident or nonresident license as an insurance producer as required by section 26.1 -26-17, or has failed to pay the annual renewal fee to the commissioner; or 8. The insurance consultant has failed to pay the annual renewal fee to the commissioner.
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