When is an officer or qualifying agent allowed to qualify another corporation for similar licensure?

An officer or qualifying agent is allowed to qualify another corporation for similar licensure when they are actively engaged in the business of both corporations. This situation indicates that the individual has a vested interest and involvement in the operations and responsibilities of both entities.

Engagement in the business ensures that the officer or qualifying agent possesses the required knowledge and oversight necessary to adequately represent and manage the licensure responsibilities for both corporations. This involvement helps maintain compliance with regulations and ensures that both entities adhere to industry standards.

The other choices either imply a lack of engagement or focus on the status of one of the corporations (such as being dissolved or shared ownership) which do not necessitate the active involvement required for qualifying another corporation. Thus, option B directly aligns with the principles of responsible corporate governance and the licensure process in relation to active business operation.