(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.
The director may file a claim, or assist a consumer in filing a claim, on the bond,policy, or alternative.
The director, by rule, shall determine the requirements for the financial assurancerequired by this section.
Source: L. 2020: Entire section added, (HB 20-1218), ch. 299, p. 1486, § 9, effective September 1.