B-1.1, r. 9 - Regulation respecting the professional qualification of contractors and owner-builders

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36. The security must be valid for the term of the licence and must be provided without an expiry date.
The surety or contractor may terminate the security only on written notice of at least 60 days to the Board.
If the contractor’s licence ceases to have effect because the contractor did not pay the fees and charges required to maintain the licence when they became due, the security remains valid for any new licence issued to the contractor provided that the new licence is issued within 60 days of the due date.
O.C. 314-2008, s. 36.