If an applicant fails to complete the application or fails to take and pass the examination, nor fails to fully qualify for or receive such license within one year after filing the application, the application is automatically denied without prejudice to the filing of a new application for such license. This section shall not apply when the application has been formally denied nor when a Statement of Issues is pending against the license application.
Cal. Code Regs. Tit. 10, § 2691.9
Note: Authority cited: Section 14013, Insurance Code. Reference: Section 14023, Insurance Code.