Colorado § 12-230-206 Financial assurance required - rules

Colorado Statutes

§ 12-230-206 — Financial assurance required - rules

Colorado § 12-230-206

Title 12Professions

Art.Hearing Aid Providers

This text of Colorado § 12-230-206 (Financial assurance required - rules) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 12-230-206 (2026).

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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.