Plain English Breakdown
The official status indicates the bill passed both chambers, but no specific effective date is provided in the text excerpt.
Better Small Business Employee Benefits Act
This bill sets up rules for registering and regulating professional employer organizations, gives the Commissioner of Insurance authority over them, exempts them from some licensing requirements, applies unemployment insurance laws to their workers, requires a surety bond, and repeals outdated provisions.
What This Bill Does
- Provides for the registration and regulation of professional employer organizations.
- Gives regulatory powers, duties, and authority over these organizations to the Commissioner of Insurance.
- Exempts these organizations from certain licensing requirements.
- Makes Chapter 8 of Title 34 (the Employment Security Law) apply to workers in these arrangements.
- Requires professional employer organizations to post a surety bond.
- Repeals obsolete provisions and conflicting laws.
Who It Names or Affects
- Professional employer organizations
- The Commissioner of Insurance
Limits and Unknowns
- The specific effective date is not listed in the provided text.
- Details about how much money must be paid for a surety bond are not included here.
- Exact steps for registration and regulation will come from future rules created by officials.