Section 20. Initial registration

A. Each PEO shall register as required by § 65.2-803.1 A of the Code of Virginia by filing with the commission an application on a form and in a manner prescribed and furnished by the commission. The application shall include the list of all client companies of the PEO and related insurance information required by § 65.2-803.1 B of the Code of Virginia.

B. Subject to subsection C of this section, a PEO's registration shall be effective when the completed application is filed in the proper format, unless it is rejected by the commission.

C. Each PEO shall comply with the following when it files its application for registration:

1. The PEO shall designate a representative maintaining a street address, mailing address, and telephone number in the Commonwealth of Virginia. This designated representative shall be authorized to receive service of process and communications from the commission. Notice to this designated representative shall be deemed sufficient notice to the PEO for all purposes for which notice is required or permitted under the Act or these regulations.

2. At the time of registration, the PEO and each of its client companies shall be in compliance with the insuring requirement of § 65.2-801 of the Code of Virginia. Each PEO shall certify this compliance in its registration.

D. This registration shall not be transferable.

E. Failure of a PEO to file the application for the registration required by § 65.2-803.1 A of the Code of Virginia and subsection A of this section shall subject the PEO to the penalties provided in § 65.2-902 of the Code of Virginia.

Historical Notes

Derived from Volume 17, Issue 09, eff. February 14, 2001.

Statutory Authority

§§ 65.2-201 and 65.2-803.1 of the Code of Virginia.