(1) A game farm license may be renewed prior to January 31 upon payment of the annual renewal fee and submission of the reports required by 87-4-417 , MCA. The department's issuance of a renewal shall not constitute the department's approval of the accuracy or completeness of the reports or records submitted by the licensee. A licensee who fails to submit the renewal fee and required reports by April 1 shall file a new license application form accompanied by the initial application fee.