What is meant by voluntary surrender?

Voluntary surrender refers specifically to the act of a certificate holder in good standing choosing to relinquish their certification. This action is typically taken by the individual after careful consideration and is not a result of external pressure or coercion. This choice indicates that the person feels confident in their decision and understands the implications of giving up their certification, which can include the inability to practice in their fiduciary role unless they go through the process of obtaining a new license.

Understanding this concept is crucial for fiduciaries, as it highlights the importance of making informed decisions about licensure and practice. The other options suggest scenarios that do not accurately align with the definition of voluntary surrender. For example, giving up a license under pressure implies coercion, while simply stopping practice or resigning does not necessarily involve the formal relinquishment of a certification in the same context as surrendering a certificate.