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North Carolina Senate moves to amend PEO regulations


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Article Title: North Carolina Senate moves to amend PEO regulations - Source: State of North Carolina - 5/6/2009

The North Carolina Senate has approved an amendment to the state regulations for PEOs to be licensed in the state. The act - Senate Bill S1029 stipulates that all PEOs licensed prior to October 1, 2008 must post a $100,000 surety bond. PEOs licensed after this date must post a bond equal to five percent of the prior years total sages, benefits, work comp premiums and UI contributions up to a max $500,000. -

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