If an ACO QM dies, how long can his/her partner run the company?

• A. 30 days
• B. 60 days
• C. 90 days
• D. 120 days

Answer: (C)

When a licensed alarm company must be overseen by a Qualified Manager, that manager is responsible for the day-to-day supervision and compliance of the business. If the QM dies, there’s a built-in grace period that allows someone else, such as a partner, to keep the company running while a new QM is found and approved. This period is limited to about three months. It gives time to appoint a new QM, complete the necessary paperwork with the regulator, and ensure ongoing operations stay properly supervised. After that window, the company needs a valid QM in place to continue operating; otherwise, the license could be at risk.

So, the partner can run the company for up to three months while arranging a new QM. The other time frames aren’t allowed because the regulation sets that 90-day limit for this temporary arrangement.