Section 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.Added by 2020 Ch. 299,§ 9, eff. 9/1/2020.