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Yes, the Number of Months field should be set to 3 and the Threshold Test field should be set to count:

  UtilityCost:Qualify,
    MaxDemand,               !- Utility Cost Qualify Name
    ExampleF,                !- Tariff Name
    TotalDemand,             !- Variable Name
    Maximum,                 !- Qualify Type
    200,                      !- Threshold Value or Variable Name
    Annual,                  !- Season
    Count,                   !- Threshold Test
    3;                       !- Number of Months

If the way the the qualification was phrased had been "three consecutive months" then the Threshold Test field should be set to Consecutive.

To learn more about how this works, see the InputOutputReference section on UtilityCost:Qualify.