Form MODES-4252 Surety Bond (Financial Guarantee for Payment of Contributions) - Missouri

What Is Form MODES-4252?

This is a legal form that was released by the Missouri Department of Labor and Industrial Relations - a government authority operating within Missouri. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the MODES-4252 Surety Bond?A: The MODES-4252 Surety Bond is a financial guarantee for the payment of contributions in Missouri.

Q: Who can use the MODES-4252 Surety Bond?A: Employers in Missouri who need to provide a financial guarantee for the payment of contributions can use the MODES-4252 Surety Bond.

Q: Why would an employer need to post a surety bond?A: In certain cases, the Missouri Division of Employment Security may require employers to post a surety bond to ensure the payment of contributions.

Q: How can an employer obtain the MODES-4252 Surety Bond?A: Employers can obtain the MODES-4252 Surety Bond from a licensed surety bond company or insurance provider.

Q: Is the MODES-4252 Surety Bond refundable?A: The MODES-4252 Surety Bond is not refundable, even if the employer later becomes exempt from the bond requirement.

Q: What happens if an employer fails to pay contributions?A: If an employer fails to pay the required contributions, the surety bond can be used to compensate for the unpaid amounts.

Q: How much coverage does the MODES-4252 Surety Bond provide?A: The coverage amount of the MODES-4252 Surety Bond is determined by the Missouri Division of Employment Security based on the employer's liability.

Q: Are there alternative options to the MODES-4252 Surety Bond?A: Yes, employers can also provide an irrevocable letter of credit or a cash deposit as an alternative to the surety bond.

Q: Does every employer in Missouri need to post a surety bond?A: No, the requirement to post a surety bond depends on certain factors, such as the employer's history of payment and financial stability.