Employee Leasing Companys Statutory Surety Bond {DOL-13B}

DOL-13B - EMPLOYEE LEASING COMPANY’S STATUTORY SURETY BOND. This form is issued by the Georgia Department of Labor (GDOL) and required under O.C.G.A. §§ 34-8-32, 34-8-33, 34-8-34, and 34-8-172 of the Georgia Employment Security Law. The form is used when an employee leasing company elects to report leased employees as its own for unemployment insurance purposes and posts a surety bond guaranteeing payment of all unemployment taxes, penalties, and interest owed to the Department. The bond is a binding agreement between the employee leasing company as the principal, a licensed surety company as the surety, and the Commissioner of Labor as the obligee. It ensures that the leasing company will meet all reporting and payment obligations under the Employment Security Law, including timely filing of unemployment insurance wage reports and contributions. If the company fails to comply, the Georgia Department of Labor may collect from the bond to recover unpaid amounts. The bond must include signatures, corporate seals, and witness attestations from both the principal and the surety. A certified Power of Attorney authorizing the surety representative to execute the bond must be attached and verified as current at the time of execution. www.FormsWorkflow.com