If an officer leaves and is not the qualifying individual, what happens to the corporation's contractor's license?

If an officer leaves and is not the qualifying individual, what happens to the corporation's contractor's license?

• A. It Terminates
• B. It Remains Valid
• C. It Must Be Renewed
• D. It Transfers Automatically

Answer: (B)

In a corporate contractor license, the key person is the qualifying individual—the one responsible for supervising work and meeting licensing requirements. If an officer leaves but that person isn’t the qualifying individual, the license stays active because the essential oversight remains in place with the designated qualifier. The license is tied to the corporate entity and its qualified supervisor, not to every officer’s tenure. It doesn’t terminate, require automatic renewal, or transfer simply due to a non-qualifying officer leaving. Only if the qualifying individual themselves leaves would the company need to appoint and obtain approval for a new qualifying individual to keep the license valid.

In a corporate contractor license, the key person is the qualifying individual—the one responsible for supervising work and meeting licensing requirements. If an officer leaves but that person isn’t the qualifying individual, the license stays active because the essential oversight remains in place with the designated qualifier. The license is tied to the corporate entity and its qualified supervisor, not to every officer’s tenure. It doesn’t terminate, require automatic renewal, or transfer simply due to a non-qualifying officer leaving. Only if the qualifying individual themselves leaves would the company need to appoint and obtain approval for a new qualifying individual to keep the license valid.