By June 1st, 2015, all P.I.s that wish to be licensed or renew a current license will have to provide the mandatory Colorado private investigator bond. The State of Colorado overhauled the licensing statute in 2014 to come in to effect this year closing the voluntary licensing program. The new statute, under Rule 4 – Surety Bond, states, “the purpose of this rule is to specify the form and manner whereby private investigators must post and maintain, or be covered by, a surety bond, as required in C.R.S § 12-58.5-107. The provisions are:
A. All Level I and Level II Private Investigators may not engage in private investigation activities unless the licensee posts and maintains, or is covered by, a surety bond in the amount of at least ten thousand dollars ($10,000).
B. Each licensee shall maintain this surety bond for the duration of time he or she is licensed and actively engaged in private investigation activities as a Level I or Level II Private Investigator. The licensee may change Colorado surety bond providers but there shall be no gap in coverage.
C. Any failure to maintain or be covered by a complying surety bond shall be grounds for discipline under C.R.S. § 12-58.5-109.
The Division of Professions and Occupations advises that, “Complete applications must be submitted by May 1, 2015 to be licensed by the June 1, 2015 deadline. The application must be signed, dated and include the jurisprudence examination report (received upon successful completion of the exam). Your CBI results must also be received by May 1, in order to process the application prior to June 1, 2015. The application fee for mandatory private investigator licensure is $330 for both Level I and Level II private investigators. Questions about licensing may be emailed to Dennis.Larson@state.co.us. The licensing process is web-based and accessed at http://cdn.colorado.gov/cs/Satellite/DORA-Reg/CBON/DORA/1251632265667.
Colorado surety leader, Surety One, Inc. is the preferred provider of private investigator surety bonds and process server bonds in all states and localities where they are required. We offer these to experienced and legitimate applicants regardless of his or her credit condition. Visit SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a Colorado private investigator bond application or for further information on surety bonds.
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