(a) License term and renewal. A new license is effective from the date of its issuance until December 31. A license must be renewed annually to remain effective. After renewal, a license is effective for a term of one year, from January 1 to December 31.     
      (b) Due date for annual assessment fee. The annual assessment fee is due by December 1 of each year.     
      (c) Notice of delinquency. If a licensee does not pay the annual assessment fee, the OCCC will send a notice of delinquency. Notice of delinquency is given when the OCCC sends the notice:      
        (1) by mail to the address on file with the OCCC as a master file address; or       
        (2) by e-mail to the address on file with the OCCC as a master file e-mail address, if the licensee has provided a master file e-mail address.       
      (d) Expiration. If a licensee does not pay the annual assessment fee, the license will expire on the later of:      
        (1) December 31 of each year; or       
        (2) the 16th day after notice of delinquency is given under subsection (c) of this section.       
     Source Note:        The provisions of this §83.4002 adopted to be effective November 10, 2011, 36 TexReg 7518; amended to be effective January 7, 2016, 41 TexReg 112; amended to be effective September 5, 2019, 44 TexReg 4716