31A-40-103. Duties of the commissioner.
(1) (a) The commissioner shall maintain a list of professional employer organizations
that are licensed under this chapter.
(b) The commissioner shall make the list required by this Subsection (1) available to the
public by electronic or other means.
(2) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
commissioner:
(a) shall make rules to prescribe the requirements for forms required under this chapter;
and
(b) may make rules to prescribe the requirements for the review and submission of a
financial statement under Section 31A-40-305:
(i) that are consistent with generally accepted accounting principles; and
(ii) including the timeliness of a financial statement.
(3) A rule in effect on May 5, 2008 under the repealed Title 58, Chapter 59, Professional
Employer Organization Registration Act, shall be:
(a) renumbered as a rule made under this chapter; and
(b) remain in effect until such time as the commissioner modifies or repeals the rule.
(4) The commissioner shall report to the Business and Labor Committee by no later than
the November 2009 interim meeting as to whether the commissioner recommends that the
working capital requirements of Section 31A-40-205 be modified.
Enacted by Chapter 318, 2008 General Session
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Last revised: Thursday, May 28, 2009