When a self-insured certificate has been revoked, the Director retains jurisdiction for what period of time:

• A. 5 years until the next audit cycle.
• B. Until it has been determined no additional claims are forthcoming.
• C. Until claim liability has been exhausted pursuant to the law.
• D. Until claim liability has been exhausted pursuant to the administrator's determination.

Answer: (C)

The important idea is that the director’s oversight continues until all liabilities tied to the self‑insured program have been fully settled under the law. When a self-insured certificate is revoked, there may still be open or potential claims that must be addressed according to statutory requirements, and the director must ensure those liabilities are exhausted in accordance with the law. This protects claimants and ensures an orderly wind‑down of the obligations.

The other options aren’t appropriate because a fixed time frame (like five years), or the notion that no further claims will come, doesn’t reflect how liabilities are resolved. Likewise, allowing exhaustion only by the administrator’s determination would not align with the legal requirement that liability be exhausted pursuant to the law.