| 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. |