If ACO QM dies, a member of the immediate family of deceased licensee shall be entitled to continue the business under the same license for how many days following the death?

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Multiple Choice

If ACO QM dies, a member of the immediate family of deceased licensee shall be entitled to continue the business under the same license for how many days following the death?

Explanation:
When a qualifying manager (QM) for an alarm company dies, there’s a transitional window that allows a member of the immediate family to keep the business running under the same license. This window is 120 days. The idea is to provide time for a new qualifying manager to be appointed and to complete the necessary qualifications and paperwork with the licensing authority, so operations aren’t abruptly disrupted. During those 120 days, the company can continue operating while the new QM is being arranged and approved. After that period, the license should have a qualified QM in place, or the company risks regulatory action. The other day counts don’t fit the rule.

When a qualifying manager (QM) for an alarm company dies, there’s a transitional window that allows a member of the immediate family to keep the business running under the same license. This window is 120 days. The idea is to provide time for a new qualifying manager to be appointed and to complete the necessary qualifications and paperwork with the licensing authority, so operations aren’t abruptly disrupted.

During those 120 days, the company can continue operating while the new QM is being arranged and approved. After that period, the license should have a qualified QM in place, or the company risks regulatory action. The other day counts don’t fit the rule.

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