Business & LicensingQuestion 1383 of 1632

A licensed corporation wants to add a new classification to its existing license. What must it generally do?

a.Apply to add the class and have a qualifier for it
b.Add it at renewal by checking the box on the form
c.Post a second $25,000 license bond for the new class
d.Form a separate corporation to hold the new classification

Explanation

Under B&P §7059 a licensee may hold more than one classification, but each added class must be qualified by someone who meets the experience and examination requirements for that class, on an application to add the classification. (b) treats classification as a renewal formality; renewal continues what is already on the license and adds nothing. (c) confuses classification with bonding — the §7071.6 bond is one $25,000 bond per license, not per class. (d) is the misconception that scope is tied to the entity rather than to the license; the same corporation can carry several classes on one license number.

Law Reference: B&P Code §7059

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