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

Colorado Statutes

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

Colorado·Title 12 Professions·Art. Hearing Aid Providers

(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.

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(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.

Colorado § 12-230-206 (Financial assurance required - rules) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.