The proposed Permanent Rule D of the Community Association Manager Licensing Rules provides that if a manager wishes to have a deductible larger than the $5000 prescribed by Rule D-9(2)(e) it may do so by requesting permission from the Director of the Colorado Division of Real Estate and depositing the amount greater than $5000 in an insured savings account or CD issued by a state or national bank, credit union or savings and loan association doing business in Colorado. The funds must be assigned to the Colorado Division of Real Estate, Department of Regulatory Agencies for the Use of the People of the State of Colorado. For more information see Rule D.

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