HB 2252 Summary

• Amends section 23-561 (Definitions) to clarify definitions related to professional employer organizations, including updates to "administrative fee," "co-employer," "co-employment relationship," and "covered employee."

• Repeals sections 23-563 through 23-568 (formerly containing registration and regulatory requirements for professional employer organizations).

• Amends section 23-569 (Financial Capability; Bonding) to remove the exemption for limited registrations and clarifies bonding requirements, requiring a minimum net worth of $100,000 or equivalent bond/letter of credit held by an insured depository institution.

• Amends section 23-572 (Services Not Insurance) to replace the term "registrant" with "professional employer organization" throughout the provision.

• Repeals sections 23-575 and 23-576 (removing additional regulatory provisions related to professional employer organizations).