SURETY BOND FOR COLORADO PRIVATE INVESTIGATOR LICENSURE Bond Number: ______________________ Bond Effective Date: ________________ The condition of this surety bond is that as PRINCIPAL, and
(Name of Principal)
, ,
(Name of Surety)
as SURETY, an entity authorized to issue surety bonds in the State of Colorado, hereby acknowledge our indebtedness to the people of the State of Colorado (“State”) for the use and benefit of any person(s) having a claim under the conditions of this obligation, in the penal sum of
Dollars ($_______________) provided, however, that the
total liability of the Surety hereunder to all persons, cumulative or otherwise, shall not exceed Principal and Surety hereby bind themselves, their representatives, successors, and assigns, jointly and severally, to the terms of this bond. Principal and Surety further agree that: 1.
This surety bond is required by §12-58.5-107, COLO. REV. STAT. (“C.R.S.”).
2.
This surety bond secures the compliance of the Principal with the requirements of Article 58.5 of Title 12, C.R.S., and 4 Code of Colorado Regulations (“C.C.R.”) 750.
3.
This surety bond allows any person who suffers loss or damages as a result of acts or omissions resulting from the private investigation services provided by the Principal to bring suit on this surety bond in a court of competent jurisdiction.
4.
The Surety further agrees: a.
that the Surety is liable for any loss or damages caused by the Principal’s acts or omissions resulting in a violation of the provisions of Article 58.5 of Title 12, C.R.S., or 4 C.C.R. 750;
b.
to provide a date certain for the termination or cancellation of the surety bond;
c.
to notify the Principal of any termination or cancellation of the surety bond thirty (30) days prior to terminating or cancelling the surety bond; and
d.
that any termination or cancellation of the surety bond prior to the required thirty (30) days’ notice is ineffective and that the Surety remains liable and bound to the terms of this surety bond.
SIGNED, AND DATED THIS _______________________ day of ______________________, _________
(Print Name of Surety)
By: (Signature of Attorney in Fact or Person with Power of Attorney Attaching Same)
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