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Texas Professional Employer Organization Application for a Certificate of Approval to Sponsor a Client Employer Health Benefit Plan

State:
Texas
Control #:
TX-FIN412
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Professional Employer Organization Application for a Certificate of Approval to Sponsor a Client Employer Health Benefit Plan

Texas Professional Employer Organization (PEO) Application for a Certificate of Approval to Sponsor a Client Employer Health Benefit Plan is a process used by Pets to be approved as a sponsor of employer health benefit plans in the state of Texas. This application must be completed and submitted to the Texas Department of Insurance (TDI) to obtain a Certificate of Approval. There are two types of Texas Professional Employer Organization Applications: 1) Initial Application and 2) Renewal Application. The Initial Application must be completed by a PEO that has not previously obtained a Certificate of Approval and is seeking to become an approved sponsor of an employer health benefit plan in Texas. This application includes detailed information about the PEO, its management team, its business structure, and the employer health benefit plan it is proposing to sponsor. It also requires the PEO to provide financial information and obtain a surety bond. The Renewal Application must be completed by a PEO that has already obtained a Certificate of Approval and is seeking to renew their approval as a sponsor of an employer health benefit plan in Texas. This application includes updated information about the PEO, its management team, its business structure, and the employer health benefit plan it is proposing to sponsor. It also requires the PEO to provide updated financial information and obtain a renewed surety bond. Texas Professional Employer Organization Applications for a Certificate of Approval to Sponsor a Client Employer Health Benefit Plan are important for Pets seeking to become approved sponsors in the state of Texas. This process helps ensure that Pets are compliant with the laws and regulations that govern employer health benefit plans in the state.

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FAQ

A Professional Employer Organization or ?PEO,? provides a business with a one-stop solution to accomplish many burdensome management tasks in an affordable, efficient manner.

P.E.O. has grown from the original membership of seven to almost a quarter of a million members in chapters in the United States and Canada. P.E.O. is headquartered in Des Moines, Iowa. In Texas we have over 250 chapters and more than 10,500 active members.

Yes, any person who performs or offers to perform PEO as defined by The Texas Labor Code, Chapter 91 must be licensed with the department. You may be eligible for a limited PEO license. See §72.22 License Requirements-Limited License.

A Professional Employer Organization or ?PEO,? provides a business with a one-stop solution to accomplish many burdensome management tasks in an affordable, efficient manner.

PEO services in Texas are governed by the Professional Employer Organization Act. This Act governs Professional Employer Organizations in Texas and is the basis for how the Commission handles Professional Employer Organizations.

A professional employer organization (PEO) is an organization that enters into a joint-employment relationship with an employer by leasing employees to the employer, thereby allowing the PEO to share and manage many employee-related responsibilities and liabilities.

A PEO, or professional employer organization, is a type of full-service human resource outsourcing known as co-employment. In this arrangement, the PEO performs various employee administration tasks, such as payroll and benefits administration, on behalf of a business.

More info

FIN412, Professional Employer Organization Application for a Certificate of Approval to Sponsor a Client Employer Health Benefit Plan Information on eligibility and applying as a CPEO.An introduction to Professional Employer Organizations (PEOs) and the related employment tax responsibilities. Many states require Professional Employer Organizations (PEOs) to be licensed. Review state licensing for PEOs. PEOs typically serve as a professional employer of their clients' employees. (2) Approved PEO--A PEO that has received a certificate of approval from TDI to sponsor a plan. A notarized statement stating whether the applicant sponsors a self-insured health plan (All PEO Applicants). • The Staff Leasing Guaranty Agreement. Salaries, benefits, workers' compensation, payroll taxes, withholding, or other assessments paid.

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Texas Professional Employer Organization Application for a Certificate of Approval to Sponsor a Client Employer Health Benefit Plan