Your TotalView license is implemented by FlexNet which is built into TotalView.

New releases of TotalView may infrequently incorporate updated FlexNet versions. Consult the TotalView release notes to determine if a FlexNet update has been applied.

If your TotalView release does include a newer FlexNet version than that which is currently installed on your system, you’ll need to first update FlexNet on your system before either updating your license or installing a new version of TotalView.