Colo. Rev. Stat. § 12-230-206
Financial assurance required - rules
Colorado · Colorado Revised Statutes Title 12 — Professions and Occupations · Status: effective
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- Citation
- Colo. Rev. Stat. § 12-230-206, Financial assurance required - rules, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2290809
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Full text
(1) Before the director issues a license to an applicant for a hearing aid provider license, the applicant shall post a surety bond in the amount of ten thousand dollars, maintain a one-million-dollar professional liability policy, or comply with an alternative as determined by the director. A licensed hearing aid provider shall maintain the required bond, policy, or alternative at all times.
(2) The director may file a claim, or assist a consumer in filing a claim, on the bond, policy, or alternative.
(3) The director, by rule, shall determine the requirements for the financial assurance required by this section.