Section 230-3-5 - Combined or Consolidated Financial StatementsA. Professional employer organizations in a professional employer organization group may satisfy any reporting and financial requirements of the Act on a combined or consolidated basis if each member of the organization group guarantees the financial capacity obligations under the Act of each other member of the organization group.B. If a professional employer organization group submits a combined or consolidated audited financial statement that includes entities that are not professional employer organizations or are not in the professional employer organization group, the controlling entity of the organization group under the consolidated or combined statement need only guarantee the obligations of the professional employer organizations in the professional employer organization group.230 Neb. Admin. Code, ch. 3, § 5
Amended effective 6/7/2017.