Definition and Example. Imagine that you are walking along the sidewalk of a busy road with a group of friends. It's a hot, humid, and sunny day. Everyone is wearing shorts and loose clothing to battle the heat. You look to your left and see a man in a long fur coat and a tall pair of winter boots.
A waiver is the voluntary relinquishment or surrender of some known right or privilege. Regulatory agencies or governments may issue waivers to exempt companies from certain regulations. For example, a United States law restricted the size of banks, but when banks exceeded these sizes, they obtained waivers.
Waiver provisions for the examination are outlined in Business and Professions (B&P) Code section 7065.1 and 7065.2. You must meet all of the conditions of the appropriate section for the Waiver Provision to apply. In some cases, only the trade exam may be waived. Currently, waiver provisions defined in B&P Code section 7065.1 may be granted under subsections 7065.1(b) and 7065.1(c). While 7065.1(a) also provides for waiver of the exam, the Registrar exercised his authority to suspend waivers under this section.