In case of death or disassociation of a partnership, which action must the licensee take?

• A. Notify the bureau in writing within 60 days from the event; if notice is given the license remains for 60 days and auto cancels after 60 days
• B. The licensee shall notify the bureau in writing within 30 days from the event; if notice is given the license shall remain for 90 days and be auto canceled at 90 days; if the licensee fails to notify within 30 days, auto canceled
• C. Notify the bureau immediately and surrender the license within 7 days
• D. The license is automatically canceled with no notification required

Answer: (B)

When a partnership alarm company loses a partner or dissolves, the regulator requires timely notice and a defined wind-down period. You must notify the Bureau in writing within 30 days of the event. If you do notify, the license does not end immediately—you’re given a 90-day window, and the license will automatically cancel at the end of those 90 days. If you fail to notify within 30 days, the license is automatically canceled.

This setup gives the Bureau visibility on who is authorized to operate and provides a structured transition so the business can wind down or appoint a successor without leaving the public unprotected. Other timelines that suggest immediate surrender or different cancellation periods don’t align with these requirements, which is why the 30-day notice with a 90-day continuation is the correct framework.