Colorado § 12-230-206 - Financial assurance required - rules.
Full text of Colorado Colorado Revised Statutes § 12-230-206 — Financial assurance required - rules., with citation guidance and answers to common questions.
§ 12-230-206. Financial assurance required - rules.
(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.
Source: L. 2020: Entire section added, (HB 20-1218), ch. 299, p. 1486, § 9, effective September 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 12-230-206
What does Colorado Revised Statutes § 12-230-206 cover?
Section 12-230-206 ("Financial assurance required - rules.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 12-230-206?
A common citation format is "Colorado Revised Statutes § 12-230-206" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 12-230-206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.