Colorado Paid Solicitor Bond Requirements

Effective August 10 2016, the state of Colorado is requiring Paid Solicitors (for charitable organizations) to carry a minimum $15,000 bond. This change in law is a result from the passage of House Bill 16-1129 during the 2016 General Assembly.

The Paid Solicitor Bond ensures that a solicitor will not misrepresent the charity or commit charitable fraud. This would include: misrepresenting the organizations membership and/or leading donors to believe that donating to a charity will earn the donor favorable treatment from law enforcement or government agencies.

If you are a paid solicitor in the state of Colorado, please contact Reeder Insurance Agency. We can quickly place this bond for you to ensure that you are compliant with the licensing requirements of the Colorado Secretary of State.