When a self-insured license has been revoked, the Director retains jurisdiction for what period of time?

• A. Five 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 law
• D. Until claim liability has been exhausted pursuant to the administrator's determination

Answer: (C)

When a self-insured license is revoked, the Director’s authority doesn’t end with the action itself. The key idea is that the Director must ensure all claim liabilities are fully resolved in accordance with the law. This means any outstanding benefits, future obligations, and any required settlements or payments must be completed under statutory and regulatory procedures before the Director’s jurisdiction concludes. It’s not tied to a fixed time frame or to an administrator’s determinations alone, and it isn’t about waiting for another audit cycle or just hoping no more claims appear. The obligation ends only when the claim liabilities have been exhausted as mandated by law.