• chapter
    • 8-619. Group accounts

   (a) Application. --

   (1) Two or more employing units that have made an election may submit a joint application to the Secretary for establishment of a group account to share the cost of benefits that are attributable to covered employment for those employing units.

   (2) The application shall identify and authorize a group representative to act as the agent of the group.

(b) Approval of Secretary; establishment of account. --

   (1) On receipt of an application, the Secretary shall approve or disapprove the application.

   (2) On approval of an application, the Secretary shall:

      (i) establish a group account for the group, effective on the first day of the calendar quarter in which the Secretary receives the application; and

      (ii) notify the group representative of the effective date of the account.

   (3) A group account shall continue to be effective:

      (i) for at least 1 year; and

      (ii) until terminated at the discretion of the Secretary or on application by the group.

(c) Liability for payments. -- On receipt of a bill that the Secretary sends to the group, each member of the group is liable for reimbursement payments in an amount whose ratio to total benefits that are attributable to covered employment for all members of the group is the same as the ratio that as total wages paid by that member has to total wages paid by all members of the group.

(d) Regulations. -- The Secretary may adopt regulations for:

   (1) application for the establishment, maintenance, and termination of a group account;

   (2) addition of new members to a group account;

   (3) withdrawal of active members from a group account;

   (4) determination of the amounts that are payable under this section by each member of a group; and

   (5) manner and time of payments by a member of a group.

PEO7.com 23945 Calabasas Rd. Suite 106, Calabasas, CA 91302 818-222-4572 cs@peo7.com
SiteMap | PEO | Exploring the Possibilities | What is Employee Leasing | Why use a Peo | Free Advice | Benefits to Employees
Responsibilities of PEO | Benefit Package | HR Management | Pre-Employment Screening | The Issue of Control
Future of PEO | Request For Proposal (RFP) Contact Us | Peo Resources | Terms of Service | FAQ