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West Virginia Division of Labor Wage Bond Surety Cancellation Affidavit Wage & Hour Section 1900 Canada Boulevard East State Capitol Complex, Building 3, Room 200 Charleston, WV 25305Phone: 304 558
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How to fill out wage bond surety cancellation

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How to fill out wage bond surety cancellation

01
Obtain the necessary forms: Contact the surety company from which you obtained the wage bond surety cancellation policy and request the cancellation form.
02
Fill out the form: Provide all the required information in the cancellation form. This may include details such as your name, policy number, reason for cancellation, and effective date of cancellation.
03
Attach supporting documents: If there are any supporting documents required for the cancellation process, make sure to gather and attach them along with the filled-out form.
04
Review and double-check: Carefully review all the information provided in the cancellation form and attached documents. Make sure everything is accurate and complete.
05
Submit the cancellation request: Once you are confident that all the necessary information is provided and accurate, submit the cancellation form and attached documents to the surety company through their preferred method. This could be via mail, email, or online submission.
06
Follow up: Keep track of the cancellation request and follow up with the surety company if needed. Confirm with them that the cancellation request has been processed and the policy is canceled.

Who needs wage bond surety cancellation?

01
Employers: Employers who have previously obtained a wage bond surety policy to meet certain legal obligations may need a wage bond surety cancellation if they no longer require the coverage.
02
Contractors: Contractors who have completed their projects or contracts and no longer need the wage bond surety coverage may also need to cancel their policy.
03
Business owners: Business owners who have sold their businesses or ceased operations may need to cancel their wage bond surety policy.
04
Individuals: Individuals who were previously required to obtain wage bond surety coverage but no longer meet the criteria may need to cancel their policy.
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Wage bond surety cancellation is the process of terminating a wage bond surety agreement.
The employer or their authorized representative is required to file wage bond surety cancellation.
To fill out wage bond surety cancellation, the employer must submit a written request to the bonding company to cancel the agreement.
The purpose of wage bond surety cancellation is to formally end the agreement between the employer and the bonding company.
The wage bond surety cancellation form must include details such as the employer's name, the bonding company's information, and the effective date of cancellation.
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