Which of the following is true about the surplus lines license renewals?

The statement regarding surplus lines license renewals that is accurate is that they follow the same fee structure as the initial application. This means that when a licensed surplus lines broker goes to renew their license, the fees required for renewal will be consistent with what was required during the original application process. This ensures that current licensed brokers are subject to the same financial obligations as those seeking to initially obtain their license, maintaining a level of regulatory consistency.

Other factors such as renewal frequency, the manner of renewal, and the regulations surrounding surplus lines licenses are governed by specific state laws and may vary; therefore, they do not apply universally as this option does. It's important for brokers to stay updated on the fee structures set forth by the state to ensure compliance and understanding of their financial obligations regarding both new applications and renewals of their surplus lines licenses.