(a) A certificate of qualification expires on the first June 30 after its effective date unless it is renewed as provided in this section.

(b) Before a certificate of qualification expires, the holder of the certificate of qualification may renew it for an additional 1-year term, if the holder:

(1) otherwise is entitled to a certificate of qualification; and

(2) pays to the Commissioner the renewal fee required by § 2-112 of this article.

(c) The Commissioner shall renew the certificate of qualification of each holder who meets the requirements of this section.