RSA 277-B:6 Employee Leasing Company License; Financial Assurances Required.

I. Every application for issuance or renewal of a license as an employee leasing company shall be accompanied by an audited financial statement prepared by an independent certified public accountant in accordance with generally accepted accounting principles. Such statement shall show a minimum working capital of $100,000. At the time of application for a new license, the employee leasing company shall submit its most recent audit which may not be older than 13 months. Thereafter, an employee leasing company shall file a succeeding audit, performed within 12 months before the date of application or renewal, showing a minimum working capital of $100,000. An employee leasing company with less than $100,000 in working capital at renewal shall have 180 days to eliminate the deficiency.