At least 2 months before a license expires, the Board shall send to the licensed marine contractor by first-class mail or electronically: A renewal application; and A notice that states: The date on which the current license expires; The date by which the Board must receive the renewal application for the renewal to be issued and mailed before the license expires; and The amount of the license renewal fee. Failure to notify the licensed marine contractor does not relieve the licensee of the licensee’s obligation to renew the license, nor does it affect the expiration of the license. A license may be renewed for a 2-year period by the Board if the licensed marine contractor has: Submitted an application for renewal before expiration date of the license; Paid the license renewal fee established by Regulation .09 of this chapter; Completed the necessary continuing education as required by COMAR 26.28.03 and submitted satisfactory evidence of compliance with the continuing education requirements; Submitted satisfactory evidence of compliance with the insurance requirements as required by COMAR 26.28.02.01; and If applicable, submitted satisfactory evidence of the resolution of any license violations, suspensions, denials, revocations, or other Board actions taken under this subtitle.