Andrew,
I am assuming that you have a paid license.
We have not seen an error like this and there is no 1-day limit as such. If the license is paid, there is no "time" limit. It is valid for ever. Only trial license has 30-days time limit and that will come with a nag screen in Visual Studio and the pages have an eval message at the bottom after report is run.
What do you mean by "However, we immediately re-generated our License DLL for the assembly"? You say that error is seen when you view the report. So, the project compiles just fine, but the license info does not get embedded. Am I correct?
Is this Visual Studio?, script, command line? Is this winforms, web application, or website project? Do you have any registry cleaners on this machine that you run periodically or on a schedule?
What is this "access denied" error? Can you send us a stack or a screen shot? Can you also send us your username/company information under which the license was purchased. What build of ActiveReports 7 are you using?
We have a license diagnostic tool that we use sometime to troubleshoot these scenarios. Please email me at rajnish.sinha@grapecity.com and I will send you the tool.
I would also suggest that you also post your questions on ActiveReports forum for a quicker response.