Subject to the provisions of § 38.2-4704, a licensed insurance premium finance company may renew its license on July 1 of each year, upon payment of a nonrefundable annual license fee of $200, unless the license has been surrendered, suspended or revoked. 1964, c. 147, § 38.1-738; 1975, c. 175; 1981, c. 107; 1986, c. 562.
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