What happens if a CAB does not have at least one active CAM?

A community association management (CAB) must have at least one active community association manager (CAM) to maintain compliance with licensing requirements. If a CAB is found to be without an active CAM, the consequences can lead to regulatory actions where the license is revoked or canceled, without the CAB being able to carry out its management responsibilities legally.

In this context, if a CAB does not have an active CAM, the license is not just temporarily suspended nor can the CAB operate under supervision; rather, the automatic cancellation of the license reflects the severity of not complying with the necessary regulations. This ensures that only firms fulfilling the regulatory prerequisites can operate, maintaining standards within community management.

Overall, option B accurately describes the system's emphasis on active licensing and oversight, which is crucial for the integrity of community association management.