Movement of Key Personnel Flashcards
1
Q
When a QM quits or is disconnected from the business, how many days does the PPO have to notify BSIS of the QM’s status?
A
30 days
2
Q
With a timely notification to BSIS when a QM leaves the business, how long will BSIS allow the PPO license to remain in effect?
A
90 days, and if necessary, up to one year
3
Q
If the PPO is licensed as a sole proprietor, and the QM dies, how long can an immediate family member take over as the QM?
A
120 days, if written application is submitted to BSIS within 30 days of the QM’s death.
