(a) A license expires on the first anniversary of its effective date, unless the license is renewed for a 1-year term as provided in this section.

(b) At least 1 month before the license expires, the Department shall send to the licensee, by first-class mail to the last known address of the licensee, a renewal notice that states:

(1) The date on which the current license expires;

(2) The date by which the renewal application must be received by the Department for the renewal to be issued and mailed before the license expires; and

(3) The amount of the renewal fee.

(c) Before the license expires, the licensee periodically may renew it for an additional 1-year term, if the business entity or public unit:

(1) Otherwise is entitled to be licensed;

(2) Pays to the Department the renewal fee that the Department sets; and

(3) Submits to the Department a renewal application on the form that the Department requires.