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Small Business Development committee advances HB250 committee substitute to regulate PEOs, removes workers—-comp references
Summary
The Small Business Development Committee approved a committee substitute for HB250 that establishes oversight for professional employer organizations under the state insurance commissioner and removes references to workers— compensation; further work on workers—-comp provisions was deferred.
The Small Business Development Committee voted to advance a committee substitute for HB250 that would establish rules and regulations for professional employer organizations (PEOs) and place those rules under the jurisdiction of the state insurance commissioner. Members approved a motion to "do pass" after committee discussion and a brief withdrawal of opposition.
The committee substitute was presented by Chair Lady Teller, the bill's author. Teller said the substitute removes references to workers' compensation from the version the committee had previously reviewed and that the remaining provisions focus on establishing regulatory authority for PEOs under the insurance commissioner. "This is gonna help us to establish the rules and regulations for these PEOs. It will be under…
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