I. Insurance companies providing workers' compensation insurance in the state shall send to the commissioner a certificate of insurance as proof a valid policy exists for all policies written for employee leasing companies. II. Insurance companies shall notify the commissioner at least 30 days before cancellation of a workers' compensation policy of any employee leasing company. The commissioner shall notify all client companies of the employee leasing company of the cancellation. III. The commissioner shall revoke the license of any employee leasing company, the workers' compensation policy of which has been canceled. The commissioner shall notify the appropriate client companies of such revocation and shall notify the client companies of the penalties under RSA 277-B:12, III. IV. A client company retains the statutory obligation of providing workers' compensation coverage for employees that are not provided, supplied, or assigned by an employee leasing company under an employee leasing arrangement.
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