Owners or operators of health clubs in Colorado that sell membership contracts with a duration longer than 24 months or sell memberships before the facility is open for business. Required when: Selling membership contracts exceeding 24 months in duration or selling preopening memberships. Exemptions: Health clubs that…
Overview
What it is.
Owners or operators of health clubs in Colorado that sell membership contracts with a duration longer than 24 months or sell memberships before the facility is open for business. Required when: Selling membership contracts exceeding 24 months in duration or selling preopening memberships. Exemptions: Health clubs that…
Who usually needs it
Owners or operators of health clubs in Colorado that sell membership contracts with a duration longer than 24 months or sell memberships before the facility is open for business.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCOBond amount$100,000Term lengthContinuousObligeeColorado Attorney GeneralRenewalThe bond must be maintained for as long as the health club has outstanding membership contracts with terms exceeding 24 months. It cannot be canceled without 45 days' prior written notice to and consent from the Attorne…Bond classLicense BondCategoryHealthcareBondHealth Club Surety BondStatutory referenceC.R.S. § 6-1-704JurisdictionState
