If notice of cessation is filed timely when the manager stops being active with the company, how long may the license or branch office registration remain in force?

• A. 90 days
• B. 60 days
• C. 120 days
• D. 90 days or up to 1 year as specified by the director

Answer: (D)

When a manager stops being active, there’s a grace period that lets the license or branch office stay in force while a new qualifying manager is appointed. The base period is 90 days, but the director may authorize a longer period—up to a full year—if needed. This is why the option that combines both ideas is correct: 90 days or up to 1 year as specified by the director. Timely filing of the notice is required to trigger this transition window; without it, the license or registration wouldn’t have this extension.