Colorado Out-of-State Private Occupational School Agents are required under the Colorado Revised Statutes Title 12, Article 58, Section III to file a Colorado Out-of-State Private Occupational School Agent Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Colorado Private Occupational School Bond holds you accountable for your business decisions.
By possessing a Colorado Private Occupational School Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.