Here in NJ being a licensed contractor is a two part process. The first part is passing the exam and obtaining a license. That doesn't allow you to do any work or sign for permits. To do that requires the part two, a business permit. The business permit is issued when you have a electrical contractor's license, proof of insurance and a surety bond. You can remain a part one (licensed electrical contractor) indefinitely as long as you keep up with your 34 hours of CEU credits every three years and pay the license renewal fee. Since I no longer have a business permit that is what I do.
It does suck having to shell out close to a thousand bucks every three years to keep the license active but like you I've spent an incredible amount of energy and time to get so I'm not giving it up any time soon.