Wyo. Code R. 053-0018-19
Effective Date: 08/05/1999 to 03/20/2007
Rule Type: Superceded Rules & Regulations
Reference Number: 053.0018.19.08051999
(a) When an employer who has elected to reimburse the Division for benefits charged to his account elects to become a tax based employer pursuant to W.S. 27-3-509, a standard industry rate will be assigned in accordance with W.S. 27-3-503(f).
(b) A reimbursing employer who has so elected to be a tax based employer shall remain liable to reimburse the Division for that portion of benefits paid based on wage credits earned from that employer when he was a reimbursable employer.
If an employer who has elected the reimbursing option of W.S. 27-3-509 is not affiliated with an organization that will assume financial liability for benefit claims or fails to pay contributions when due, or otherwise fails to comply with the requirements of the Wyoming Employment Security Law or the Commission's regulations, the Division may require that employer to file a bond on a form to be approved by the Division. Said bond shall be in an amount equal to the maximum benefit amount multiplied by the number of employees he has (annual average for established accounts) or $15,000 for new accounts may be required from an entity. This bond will be retained for two years after the entity stops doing business to repay benefit charges. The condition of that bond shall be in compliance with the Wyoming Employment Security Law and Regulations issued under it, including reimbursing the Division for benefits charged to the employer and filing reports by the due date.