What is the time frame for a licensee to requalify with a new qualifying party if the current one disassociates?

Study for the C-37 Statutes and Rules Exam (SRE). Prepare with flashcards and multiple choice questions, each with hints and explanations. Get ready for your exam!

A licensee must requalify with a new qualifying party within a specified time frame to ensure compliance with regulatory standards and maintain the validity of their business license. In this case, the required time frame is 60 days. This allows the licensee adequate time to identify a qualified individual who meets the necessary qualifications and to complete the requalification process, ensuring that operations can continue smoothly without significant disruption due to the disassociation of the current qualifying party.

The other options suggest shorter time frames that do not align with the requirements established by the governing statutes or rules pertinent to the licensing process. By allowing 60 days, the regulations strike a balance between ensuring timely compliance and providing sufficient opportunity for the licensee to make the necessary adjustments to their staffing and qualifications.

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