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Committee hears bill to standardize PEO renewals, narrow surety options
Summary
A committee heard House Bill 2092, which would set a uniform October 15 renewal date for professional employer organization registrations in Kansas, change audit timing, and limit acceptable financial assurances to bonds rather than letters of credit or securities.
House Bill 2092, which updates the state’s requirements for professional employer organizations, received proponent testimony in a committee hearing where sponsors and industry representatives described the changes as technical and intended to simplify filings.
The bill would fix PEO registration renewals to a single annual date — October 15 — instead of having renewals tied to each registrant’s fiscal year. “This bill concerns professional employer organizations or PEOs,” a staff presenter said in the committee overview. The measure would also change when audited financial statements are filed: the initial audit submitted with a first registration must not be older than 13 months,…
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