| 5. Disclosure of limitations of surety bond.__Whenever a |
| payroll processor promotes, markets or advertises itself or its |
| services and uses the phrase "bonded with the State" or "fully |
| bonded" or other language that in the opinion of the |
| administrator would lead an employer to believe that the bond |
| coverage provides full compensation for potential losses should |
| the payroll processor fail to make required payments or become |
| insolvent, the payroll processor shall also include a clear and |
| conspicuous disclaimer stating that use of the language |
| referencing bonding does not signify or ensure that the bond will |
| cover all potential claims if the payroll processor fails to |
| comply with its responsibilities under this chapter.__A payroll |
| processor also shall provide this disclaimer to an employer |
| before contracting for payroll processing services to that |
| employer. |