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Form DFI / DCCS / 2843 Professional Employer Organization or Professional Employer Group Surety Bond - Wisconsin
What Is Form DFI/DCCS/2843?
This is a legal form that was released by the Wisconsin Department of Financial Institutions - a government authority operating within Wisconsin. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is a Professional Employer Organization (PEO) or Professional Employer Group (PEG) Surety Bond?
A: A Professional Employer Organization (PEO) or Professional Employer Group (PEG) Surety Bond is a type of bond required by the state of Wisconsin for PEOs or PEGs to operate legally.
Q: What is the purpose of the Professional Employer Organization (PEO) or Professional Employer Group (PEG) Surety Bond?
A: The purpose of the bond is to protect the employees and clients of the PEO or PEG from financial loss in case the PEO or PEG fails to fulfill its obligations.
Q: Who is required to obtain a Professional Employer Organization (PEO) or Professional Employer Group (PEG) Surety Bond?
A: PEOs and PEGs operating in Wisconsin are required to obtain this bond.
Q: How much does the Professional Employer Organization (PEO) or Professional Employer Group (PEG) Surety Bond cost?
A: The cost of the bond varies depending on factors such as the size of the PEO or PEG and its financial stability.
Q: How long does the Professional Employer Organization (PEO) or Professional Employer Group (PEG) Surety Bond remain in effect?
A: The bond remains in effect as long as the PEO or PEG continues to operate in Wisconsin.
Q: Is the Professional Employer Organization (PEO) or Professional Employer Group (PEG) Surety Bond refundable?
A: The bond is not refundable, as it is a financial guarantee for the PEO or PEG's obligations.
Q: What happens if a claim is made against the Professional Employer Organization (PEO) or Professional Employer Group (PEG) Surety Bond?
A: If a valid claim is made, the surety bond provider may compensate the affected parties up to the bond amount.
Q: Can a PEO or PEG operate in Wisconsin without a Professional Employer Organization (PEO) or Professional Employer Group (PEG) Surety Bond?
A: No, a PEO or PEG is required by law to obtain this bond to operate legally in Wisconsin.
Q: Does the bond coverage extend to all PEO or PEG locations?
A: Yes, the bond coverage extends to all locations of the PEO or PEG operating in Wisconsin.
Form Details:
- Released on June 1, 2016;
- The latest edition provided by the Wisconsin Department of Financial Institutions;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form DFI/DCCS/2843 by clicking the link below or browse more documents and templates provided by the Wisconsin Department of Financial Institutions.
Download Form DFI / DCCS / 2843 Professional Employer Organization or Professional Employer Group Surety Bond - Wisconsin
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