Kansas Delinquent Employers Bond

KansasA new law titled HB 2771 was enacted regarding new miscellaneous bond requirements. HB 2771, enacted in the state of Kansas, requires negligent employers to post a surety bond, deposit cash or securities when the employer neglects to file the reports demanded in relation to certain benefits contributions or for a delinquency in payments. The SFAA supposes that the surety bond generates adverse selection not in favor of the surety since it only is required of delinquent employers.