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.
Eric is the Webmaster of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.