A 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.
Kansas Delinquent Employers Bond
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Category: Commercial Bonds, Surety News
Tags: bond requirements, Delinquent Employers Bond, Kansas, KS, legislation, Miscellaneous bond, surety bond



Surety Bond Blog: Kansas Delinquent Employers Bond http://www.jwsuretybonds.com/blog/kansas-delinquent-employers-bond
Comment by JW_Surety_Bonds (Michael Weisbrot) — December 10, 2009 @ 6:41 pm