A certificate expires on the second anniversary of its effective date unless the certificate is renewed for a 2-year term as provided in this section. Before the certificate expires, a certificate may be renewed for an additional 2-year term if the applicant: otherwise is entitled to the certificate; pays to the Commissioner the renewal fee set by the Commissioner through regulation; and submits to the Commissioner: a renewal application on the form that the Commissioner requires; and satisfactory evidence of compliance with any requirement under this subtitle for certificate renewal. If the requirements of this section are met, the Commissioner shall renew a certificate.