When a qualifying employee quits, how many days does the board need to be informed?

When a qualifying employee, who is essential to the operations and licensing of a contracting business, resigns or otherwise leaves their position, the law mandates that the board must be informed within a specific timeframe. In this case, the correct answer indicates that the board needs to be notified within 10 days of the resignation. This requirement helps ensure that the licensing authority is kept up-to-date with the personnel responsible for the compliance of the business, maintaining transparency and adherence to licensing regulations.

Timely notification is crucial because it allows the board to assess whether the contractor remains compliant with licensing requirements, particularly if the qualifying employee was integral to the company's operations. Failure to inform the board within this specified period can lead to potential licensing issues or fines, as the business may be seen as non-compliant without a qualifying individual in place. Understanding this requirement is key for contractors to manage their licensing obligations effectively.