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Maryland bonds

Maryland — IBEW Local No. 307 Wage And Welfare Bond

Prepare the Local 307 employer wage/welfare demand with the applicable Maryland agreement. Keep agreement dates and the actual security dates identifiable when using Purchase Now.

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Recorded state
Maryland
Bond type
Wage & Fringe Benefits Bond
Category
Employment, wages & benefits

What this bond does

The required form defines employer wages and welfare remittances secured. An agreement's wage-schedule period does not by itself establish the bond's term or filing deadline.

Who needs it
The business responsible for labor payments under its actual IBEW Local 307 agreement.
Who it protects
Retain required wage, union, fund or trustee entries. Employer security does not buy worker insurance or automatically supply project payment protection.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Separate agreement periods from the requested security dates

Bring the actual applicable agreement and complete security demand with payroll and employer welfare reports. An old wage schedule or the agreement's expiration date is not a verified substitute for the required bond period.

Use the actual requested effective dates and submission instructions. Do not assume a yearly term, automatic continuation or that a change in wage rates automatically alters the bond. No particular deadline or renewal procedure is supplied here.

Sources

Have these ready

  1. Legal employer and applicable Local 307 agreement/version.
  2. Complete wage/welfare security request.
  3. Payroll and actual employer welfare-reporting references.
  4. Full legal recipients, instrument, requested sum and security dates.
  5. Execution and recipient submission instructions for the issued bond.

Questions about this bond

Can I copy the agreement's dates as the bond term?

Use the actual security demand and required form. Agreement or wage-schedule periods do not by themselves establish the bond dates.

Does a rate change automatically alter the bond?

No automatic adjustment or renewal rule is verified here. Keep the current applicable request and follow its actual instructions.

Is ERISA fidelity protection equivalent?

Protecting plan assets against dishonest handling differs from the employer's wage/welfare payments. The agreement reference does not establish equivalence.

How can I apply with the requested dates?

Choose Purchase Now for Propeller's new-tab application with the full Local 307 employer demand. Review the issued form and complete required signing and delivery. Applying does not establish the recipients' acceptance.

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