Question

Which is true concerning a lapsed license?

1) The license is revoked by the Commission after 6 months.
2) The licensee must reinstate the license within 1 year after it lapses.
3) The license must be immediately surrendered to the Commission.
4) The licensee may request from the Commission a "reinstatement waiver of exception".

Answer 1

The licensee must reinstate the license within 1 year after it lapses.

Step-by-step explanation:

Concerning a lapsed license, it is true that the licensee must reinstate the license within 1 year after it lapses. When a license lapses, it means that it has expired and is no longer valid. The licensee has a one-year grace period to reinstate the license before it is considered permanently expired.