Ubuntu LoCo teams fall into two approximate categories:
Every two years each LoCo team must be verified. LoCo teams will be contacted by a member of the LoCo Council notifying the team that it is time for them to be Re-verified. The LoCo team then will need to create an application, much like the initial verification application showing that they have been active in the community in the past two years.
For more information on getting verified, the LoCo Council has created the LoCo Team Verification guidelines.