Arkansas Pharmacy Laws and Regulations Practice Exam

If the renewal fee is not paid by 1st Feb, a penalty fee will be incurred. If the fee is not paid by 1st March, an additional penalty fee will be charged. Option A is incorrect because the penalty fee is incurred after 1st March, not on that date. Option C is incorrect because the penalty fee is incurred after 1st Feb, not on that date. Option D is incorrect because it states that the initial payments must be missed for the penalty fee to be incurred, which is not mentioned in the question. Therefore, B is the correct answer as it includes the correct time frame for incurring the penalty fee.