373L-1 Definitions.
§373L-1 Definitions. Whenever used in this chapter, unless the context otherwise requires: “Client company” means any person that enters into a professional employer agreement with a professional employer organization and has covered employees. “Covered employee” means an individual who performs services for a client company pursuant to a professional employer agreement. “Department” means the department […]
373L-1.5 Names; registration of person required.
§373L-1.5 Names; registration of person required. No person within the purview of this chapter shall use the terms “professional employer organization”, or “PEO”, or other similar name unless the person is registered and in compliance with this chapter and the rules adopted pursuant to this chapter. [L 2013, c 174, pt of §2]
373L-2 Registration required.
§373L-2 Registration required. (a) Every professional employer organization shall register with the director by providing all of the information required by this section and by rules adopted by the director pursuant to chapter 91 prior to entering into any professional employer agreement with any client company in this State. Registration shall not be approved unless […]
373L-3 Bond required.
§373L-3 Bond required. (a) No professional employer organization shall enter into a professional employment agreement with a client company in the State unless the professional employer organization posts a surety bond, or an irrevocable letter of credit equivalent to the required bond amount, that is based on the previous year’s total payroll of the professional […]
373L-4 Exemptions.
§373L-4 Exemptions. A person who engages only in the following activities shall not be deemed a professional employer organization for purposes of this chapter and shall be exempt from the requirements of this chapter: (1) Arrangements wherein a person, whose principal business activity is not entering into professional employer arrangements and who does not hold […]
373L-5 Rules.
§373L-5 Rules. The director shall adopt rules pursuant to chapter 91 that the director deems necessary for the effective administration and enforcement of this chapter. [L 2010, c 129, pt of §1]
373L-6 Responsibility of professional employer organizations.
§373L-6 Responsibility of professional employer organizations. During the term of the agreement between a professional employer organization and its client company, the professional employer organization shall be deemed the employer for all covered employees for purposes of complying with all laws relating to unemployment insurance, workers’ compensation, temporary disability insurance, and prepaid health care coverage […]
373L-7 Payroll cost exemption.
§373L-7 Payroll cost exemption. At the end of each calendar year, the department shall provide the names, date of registration, and contact information of all professional employer organizations that have successfully complied with the requirements of this chapter to the department of taxation. The exemption provided under section 237-24.75(3) shall only apply to professional employer […]
373L-8 Fees.
§373L-8 Fees. (a) No applicant shall be allowed to register pursuant to this chapter unless the appropriate fees have been paid. (b) Effective July 1, 2013, the director shall collect fees in the following amounts: (1) Registration fee $ 500 (2) Biennial renewal fee $ 750 (3) Restoration fee $1,500 until such time as the […]