62. The Minister may also renew a claim in advance for a single term provided the claim holder
(1) applies therefor simultaneously with an application for renewal filed pursuant to section 61;
(2) has established that the work necessary for the renewal according to section 75 or 76 has been carried out;
(3) has met the renewal requirements prescribed by section 61;
(4) has paid the fee prescribed by regulation for the advance term.