If a court judgement is issued against an ACO licensee for more than $500, by what deadline must they deliver a copy to BSIS?

• A. Within 24 hours
• B. Within 7 days
• C. Within 30 days
• D. Within 60 days

Answer: (B)

When an Alarm Company Operator faces a civil court judgment over $500, there’s a mandatory reporting requirement to BSIS to keep the regulator informed about significant financial liabilities that could affect the license holder’s ability to operate responsibly. The deadline is seven days from the judgment, so the licensee must deliver a copy of the judgment to BSIS within that week. This timely notice helps BSIS monitor financial solvency and take appropriate action if needed to protect public safety and ensure continued compliance. The other timeframes are too slow to provide prompt regulatory oversight and readiness to respond to potential license issues.