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Texas — Carpenters And Millwrights Health And Welfare Fund Bond

Arrange the employer security requested by the Carpenters and Millwrights Health and Welfare Fund. For this Texas offering, have the agreement and fund account details ready before selecting Purchase Now.

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Recorded state
Texas
Bond type
Wage, Welfare & Union Benefits Bond
Category
Employment, wages & benefits

What this bond does

The offering concerns the employer's payment undertaking to the health and welfare fund identified in the form. The fund's benefit program and the employer's contribution security perform different jobs.

Who needs it
An employer asked to furnish the fund security described in its carpenters or millwrights agreement and written demand.
Who it protects
Name the fund or trustees exactly as required. The employee's benefit enrollment name does not replace the employer principal or legal fund beneficiary.

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.

Prepare the fund contribution undertaking

Bring the employer agreement, remittance instructions and account reference into the application. Use the form to establish the payments secured; the two trade names do not establish two separate beneficiary schedules or automatic wage coverage.

The bond does not enroll workers in health coverage. Employee insurance supplies its policy benefits, ERISA fidelity protects against its stated plan-asset dishonesty risk, and construction payment bonds address a separate project contract.

Sources

Have these ready

  1. Employer legal name and agreement reference.
  2. The health and welfare fund's security demand.
  3. Contribution instructions and employer reporting/account details.
  4. Required fund wording, form, sum and effective dates.
  5. Directions for executing and delivering the issued bond.

Questions about this bond

Am I purchasing health insurance for employees?

This is employer payment security requested in connection with a health and welfare fund. Enrollment and benefit eligibility are separate fund matters.

Are wages and every benefit fund included?

Read the required instrument. This title names a health and welfare fund, so do not add wage or other fund protection by assumption.

What security amount and term should I enter?

Use the current employer demand. Neither is stated here; the trade names and job value do not establish those entries.

How do I start the application?

Purchase Now opens Propeller in a new tab. Provide the employer and fund request information, then check the bond after issuance. Required execution, delivery and fund acceptance follow separately.

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