CHAPTER 29
S.P. 147 - L.D. 426
An Act to Amend the Employee Leasing Company Registration Process
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 32 MRSA �14053, as amended by PL 1995, c. 618, �20, is further amended to read:
1. Statement. Except as otherwise provided in this section, each employee leasing company required to be registered under section 14052 shall provide the commissioner superintendent with information required by the commissioner superintendent on forms that the commissioner superintendent specifies. At a minimum, employee leasing companies shall provide the following information:
A. The name or names under which the registrant conducts business;
B. The address of the principal place of business of the employee leasing company and the address of each office it maintains in this State;
C. The employee leasing company's taxpayer or employer identification number;
D. A list by jurisdiction of each name under which the employee leasing company has operated in the preceding 5 years, including any alternative names, names of predecessors and, if known, successor business entities;
E. A list of all persons or entities that own a 5% or greater interest in the employee leasing company at the time of application and a list of persons who formerly owned a 5% or greater interest in the employee leasing company or its predecessors in the preceding 5 years; and
F. A list of the cancellations or nonrenewals of workers' compensation insurance issued to the employee leasing company or its predecessors in the preceding 5 years. The list must include the policy or certificate numbers, names of insurers or other providers of coverage, dates of cancellation and reasons for cancellation. If coverage has not been canceled or has been renewed, the registration must include a sworn affidavit signed by the chief executive officer of the employee leasing company attesting to that fact.
2. Renewal. Prior to January 31st of each year or any other time fixed by the commissioner superintendent, each registrant shall renew its registration by notifying the commissioner superintendent of any changes in the information previously provided pursuant to this section.
3. List. The commissioner superintendent shall maintain a list of employee leasing companies registered under this chapter.
4. Forms. The commissioner superintendent may prescribe forms necessary to promote the efficient administration of this section.
Sec. 2. 32 MRSA �14055, sub-�5, as amended by PL 1995, c. 618, �22, is further amended to read:
5. Disclosure. The employee leasing company shall disclose to client companies services to be rendered, including costs, and the respective rights and obligations of the parties prior to entering into or receiving a leasing arrangement. This disclosure must include a statement that the client company may take complaints to the Department of Labor Bureau of Insurance.
Unless otherwise indicated, effective June 26, 1997.
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