Term. An application counselor sponsoring entity designation expires 2 years after the date it is issued unless it is renewed or revoked prior to that time. Renewal. Notice. At least 60 days before the expiration of an application counselor sponsoring entity designation, the Maryland Health Benefit Exchange shall notify the application counselor sponsoring entity directly at the entity’s address on file, including email address, with the Maryland Health Benefit Exchange, of the expiration date of an application counselor sponsoring entity designation. The notification shall include: A renewal application; The date by which the Maryland Health Benefit Exchange must receive the renewal application for the renewal to be issued before the designation expires; and The amount of any renewal fee. Eligibility for Renewal. An application counselor sponsoring entity designation may be renewed for an additional 2-year term if the holder: Is otherwise entitled to receive application counselor sponsoring entity designation, in accordance with the eligibility requirements set forth under Regulation .03 of this chapter; Files a timely renewal application on the form approved by the Maryland Health Benefit Exchange, either by mail or electronically; and Pays to the Maryland Health Benefit Exchange a renewal fee to the extent permitted by law and in the manner specified by the Maryland Health Benefit Exchange.