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NCOIL to Consider PEOs in Workers Comp

On November 15, the Workers' Compensation Insurance Committee of the National Conference of Insurance Legislators (NCOIL) will consider an amended version of a proposed Model...
November 14, 2007

On November 15, the Workers' Compensation Insurance Committee of the National Conference of Insurance Legislators (NCOIL) will consider an amended version of a proposed Model Act Regarding Professional Employer Organizations (PEOs) in Workers' Compensation Insurance, sponsored by Committee Chair Sen, Carroll Leavell (NM). The model requires, among other things, that a PEO register with an appropriate state authority and that the experience rating of a PEO client remain with the client regardless of the client's relationship with the PEO.

What It Means to Agents:  PIA National supports state legislation that defines a PEO and sets forth basic rules and regulations for them to follow. We believe that such legislation will help reduce fraud in the industry. We will work with our affiliates to help their state adopt appropriate legislation to regulate this growing industry.