HB 1218 Summary

• Establishes the Hoosier Bonding Program administered by the Department of Workforce Development to provide fidelity bond coverage for employers hiring at-risk job seekers.

• Provides an additional six months of cost-free financial loss protection for employers who complete six months in the federal bonding program without filing a claim.

• Eligible employers must have at least one employee and be legally doing business in Indiana; eligible job seekers must have criminal histories or other at-risk factors.

• Department of Workforce Development may adopt rules and contract with insurance companies to implement and manage the program, with requirements meeting or exceeding federal bonding program standards.

• Takes effect July 1, 2013.