(1) The licensing period shall be from the date of license issuance through December 31 of that calendar year. An applicator who applies pesticides seasonally may cancel or put on hold their financial responsibility (in effect, terminating their license) the day after their last pesticide application.

(a) The fact that an applicator cancels or puts on hold their financial responsibility is not to be construed as absolving an applicator from a suit or a claim of damages filed in a court of competent jurisdiction within the time provided by statute of limitation sections 27-2-204 and/or 27-2-207, MCA.