§ 40-15-503.5. Financial Assurance – Rules

1. The commission may require regulated telecommunications service providers to post a bond or provide other security as a condition of obtaining a certificate, registration, or operating authority, whichever instrument or instruments apply. In setting the amount of the bond or security, the commission may consider the following criteria:
   1. The financial viability of the service provider, as evidenced by its audited financial statements and its general credit history;
   2. The total amount of deposits made by customers to the provider to obtain service and the aggregate amount of prepayments made by customers for monthly regulated service; and
   3. The history of the provider’s statutory payment obligations, including those to the Colorado high cost support mechanism, the Colorado telephone relay system, and the Colorado telecommunications utility fund.
2. The commission may promulgate rules to implement this section and may impose additional criteria consistent with this section.

Source: L. 2003: Entire section added, p. 1700, § 7, effective May 14. L. 2013: (1)(c) amended, (SB 13-194), ch. 89, p. 289, § 3, effective April 1. L. 2019: (1)(c) amended, (SB 19-236), ch. 359, p. 3316, § 25, effective May 30.