18VAC50-22-220: Change of responsible management, designated employee, or qualified individual

A. Any change in the principals of a corporation, a limited liability company, or an association must be reported to the board in writing within 120 days of the change.

B. Any change of designated employee must be reported on a form provided by the board within 120 days of the change. The new designated employee for a Class B licensee must meet the requirements of 18VAC50-22-50 B. The new designated employee for a Class A licensee must meet the requirements of 18VAC50-22-60 B. More than one individual associated with a single firm may complete the examination requirements necessary for eligibility as the designated employee.

C. Any change of qualified individual must be reported on a form provided by the board within 60 days of the change. The new qualified individual for a Class C licensee must meet the requirements of 18VAC50-22-40 B. The new qualified individual for a Class B licensee must meet the requirements of 18VAC50-22-50 C. The new qualified individual for a Class A licensee must meet the requirements of 18VAC50-22-60 C.