DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of
the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of
the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Cromer HB No. 435
Abstract: Requires professional employer organizations (PEOs) to file registration statements
with commissioner of insurance annually; requires the commissioner charge a fee of
$500 for filing of the initial statement and $300 for filing of each subsequent annual
statement.
Present law requires PEOs to file their registration statements with the Dept. of Insurance.
Proposed law requires PEOs to file their registration statements with the commissioner of
insurance.
Present law states that the Dept. of Insurance may charge a fee to cover its costs in receiving and
maintaining the statements not to exceed $500 for filing of the initial registration statement and
$300 for each annual statement.
Proposed law requires the commissioner of insurance to charge a fee of $500 for the filing of the
initial registration statement and $300 for filing of the annual statement.
Present law requires that PEOs consider the client's employees as a separate group for the
purposes of eligibility, rating, and coverage.
Proposed law retains present law and requires that PEOs issue a separate policy to each client for
its employees, with the client as the plan sponsor.
(Amends R.S. 22:821(B)(intro. para.), 1745(B)(2), and 1748; Adds R.S. 22:821(B)(5))