License & Permit
Hearing Aid Dispenser Bond
A license bond some states require of businesses that fit and sell hearing aids.
- Required by
- State hearing aid licensing boards or agencies (in Texas, the Department of Licensing and Regulation)
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond promises the state that the business will pay taxes owed and pay judgments for improperly fitting or dispensing hearing aids or for breaking a sales contract. In Texas, buyers who win a judgment can recover against the bond. A claim follows unpaid taxes or a customer judgment the business does not pay.
Who needs it
- Hearing aid dispensing businesses
- Licensed hearing instrument fitters and dispensers who own their practice
What the underwriter looks at
- Owner credit
- Years in business
- Complaint history
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
How much is the bond in Texas?
Texas sets it at $10,000 under Occupations Code 402.404. Cash, a certificate of deposit, or a letter of credit can be used instead, but an insurance policy cannot.
Does every state require it?
No. Only some states require a bond for hearing aid dispensers. Check with your state licensing board.
How long does the bond stay in force?
In Texas, it stays in force until canceled, and claims can be brought for 3 years after cancellation.