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What business change should be reported to the Marshall but does not require a revised certificate?

  1. A change in business name

  2. A change in corporate officers

  3. A change in the number of employees

  4. A change in the business model

The correct answer is: A change in corporate officers

A change in corporate officers is the correct answer because, while it is an important business change that must be reported to the state regulatory authority, it does not necessitate obtaining a revised certificate. The regulatory body, in this case, the Marshall, requires notification of the individuals who are responsible for managing or making decisions for the business, as this impacts compliance and oversight. On the other hand, changes such as the business name or the business model often require a revision of the certificate, as they can fundamentally alter the identity or nature of the business as understood by the regulatory framework. The number of employees, while pertinent for various operational reasons, generally does not trigger the need for a revised certificate either, but it may impact certain compliance aspects related to labor laws and insurance. Therefore, the focus on corporate officers specifically fits within regulatory guidelines that mandate keeping accurate records for accountability without requiring a complete re-evaluation of the business's licensing.