Steve
By my reading of the rules (and I haven't been directly involved with making this call in the past) you would still be eligible to race as a Novice in 2011. At the start of 2012 the minimum expectation would be a race check out and at the discretion of the Exec at the time they may require you to retake the school.
Insert "it would be better to practice sooner than later statement" here.
Best of luck