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The Surety Bond Blog

Category Archives: Workers Compensation Bonds

Information on surety bonds that are needed for employers to act as self insurers.

16
Apr
2012

Texas Public Official Bond

Deputy Constables in Texas no longer need to worry about individual public official surety bonds. A new law was enacted named HB 1241 allowing the use of blanket bonds which will now satisfy the present law’s bonding requirements regarding constables.




23
Jan
2012

Oklahoma Workers Compensation Bond

New surety legislation provides an option for employers in Oklahoma State. The new law is named SB 878 and allows employers to act as self-insurers. Employers that choose to self-insure must obtain a surety bond. The Workers’ Compensation Court would establish the amount of the bond but must be at least equal to the average read more »




26
Aug
2010

Georgia Worker’s Compensation Bond

Self-insured workers’ compensation plans are affected by a new bill in the State of Georgia. The new bill is named HB 1101 and boosts the minimum quantity of the security deposit required for self-insured workers’ compensation plans from $100,000 to $250,000. HB 1101 also requires the security to be active until every claim under the read more »




27
Oct
2009

North Carolina Professional Employer Organizations (PEO) Bond

A new law was put in place concerning Professional Employer Organizations in the state of North Carolina. The new law, titled HB 738, altered the license bond amount required for Professional Employer Organizations or PEO’s. The prior law called for a surety bond or letter of credit in the amount of $100,000. HB 738 requires read more »




27
Oct
2009

New York Workers’ Compensation Plan Bonds

The state of New York has a new law referred to as SB 8708. The new law is regarding Self-Insurer Group Trusts for Workers’ Compensation Plans and was presented and passed in both houses after 11 hours of the session. SB 8708 implements stricter financial regulations on group self-insurers for workers’ compensation plans by requiring read more »




03
Sep
2009

Utah Professional Employer Organization (PEO) Bond

There is a new requirement for Professional Employer Organizations in the state of Utah referred to as HB 159. The new law requires the Professional Employer Organizations (PEOs) to sustain a minimum working capital of $100,000 or post a bond in an amount no less than $100,000. The surety bond would guarantee the payment of read more »