Section 25-1-8-3 - Quadrennial license or registration cycle; refunds(a) A board, operating on a quadrennial license, registration, or certificate renewal cycle, shall refund one-half (1/2) of the amount of the license, registration, or certificate fee if the holder of the license, registration, or certificate surrenders it at least two (2) years before it expires.(b) This section does not apply to the holder of a license, registration, or certificate revoked or suspended by the board.As added by Acts1982 , P.L. 113, SEC.14.