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This document serves as a surety bond for Professional Employer Organizations as required by the Oklahoma Professional Employer Organization Recognition and Registration Act, ensuring compliance with
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How to fill out CORPORATE SURETY BOND FOR PROFESSIONAL EMPLOYERS ORGANIZATIONS
01
Download the CORPORATE SURETY BOND FOR PROFESSIONAL EMPLOYERS ORGANIZATIONS form from the official website or obtain it from your bonding company.
02
Fill in the name and address of the Principal (the party obtaining the bond).
03
Enter the name and address of the Surety (the bonding company issuing the bond).
04
Provide the legal name of the business and any related licenses or registration numbers.
05
Specify the bond amount based on the regulations applicable for Professional Employers Organizations.
06
Include a statement that the bond guarantees compliance with state laws and regulations.
07
Sign and date the form where indicated, ensuring all signatures are properly witnessed if required.
08
Submit the completed form along with any required attachments or fees to the appropriate state department or agency.
Who needs CORPORATE SURETY BOND FOR PROFESSIONAL EMPLOYERS ORGANIZATIONS?
01
Any business or entity operating as a Professional Employers Organization (PEO) that is required by state law to secure a surety bond as a condition of obtaining a license or permit.
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How much does a $75000 surety bond cost?
Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Average Credit (600-675) $50,000 $500 - $1,500 $1,500 - $2,500 $75,000 $750 - $2,250 $2,250 - $3,750 $100,000 $1,000 - $3,000 $3,000 - $5,0007 more rows
What is the average cost of a surety bond?
The cost of a surety bond is calculated as a small percentage of the total bond coverage amount — typically 0.5–10%. This means a $10,000 bond policy may cost between $50 and $1,000. For applicants with strong credit, most bond rates are 0.5–4% of the bond amount.
How much does a $7 500 surety bond cost?
$1,000,000 Surety Bond Cost by Credit Score Surety Bond AmountOver 675 (0.5-3%)600-675 (3-5%) $1,000,000 $5,000–$30,000 $30,000–$50,000 *This table provides general estimates. Bond pricing fluctuates due to various factors.
How much does a corporate surety bond cost?
$75,000 surety bonds typically cost 0.5–10% of the bond amount, or $375–$7,500. Highly qualified applicants with strong credit might pay just $375 to $750, while an individual with poor credit will receive a higher rate.
What is a $7500 notary bond?
The bond ensures that, as a Notary, you will fulfill all obligations to protect the public from financial harm resulting from any wrongdoing on your part when performing notarial duties.
How much does a 75000 bail bond cost?
Bail bond fees usually range from 7% to 10% of the total bail. So, for a $75,000 bail, the cost could be between $5,250 and $7,500. In California, bail bond fees are often 10% of the total bail amount. This is set by the California Department of Insurance.
What does corporate surety bond mean?
The cost of a surety bond is calculated as a small percentage of the total bond coverage amount — typically 0.5–10%. This means a $10,000 bond policy may cost between $50 and $1,000. For applicants with strong credit, most bond rates are 0.5–4% of the bond amount.
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What is CORPORATE SURETY BOND FOR PROFESSIONAL EMPLOYERS ORGANIZATIONS?
A Corporate Surety Bond for Professional Employers Organizations (PEOs) is a legal agreement where a surety company guarantees that the PEO will meet its contractual obligations, such as providing payroll and benefits to employees.
Who is required to file CORPORATE SURETY BOND FOR PROFESSIONAL EMPLOYERS ORGANIZATIONS?
Professional Employers Organizations (PEOs) that operate in certain jurisdictions are required to file a Corporate Surety Bond to ensure compliance with state regulations and protect their clients.
How to fill out CORPORATE SURETY BOND FOR PROFESSIONAL EMPLOYERS ORGANIZATIONS?
To fill out a Corporate Surety Bond for PEOs, entities must include details such as the name of the PEO, the bond amount, the duration of the bond, the names and addresses of involved parties, and the surety company's information.
What is the purpose of CORPORATE SURETY BOND FOR PROFESSIONAL EMPLOYERS ORGANIZATIONS?
The purpose of the Corporate Surety Bond for PEOs is to protect clients and employees by ensuring that the organization fulfills its legal and contractual obligations, thus providing financial security in case of non-compliance.
What information must be reported on CORPORATE SURETY BOND FOR PROFESSIONAL EMPLOYERS ORGANIZATIONS?
Information that must be reported on the Corporate Surety Bond includes the bond number, the effective date, the names of the PEO and surety company, the bond amount, and any relevant applicable laws or regulations.
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