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Title 29 — LaborRelease 119-73not60

§441 Surety Company Reports; Contents; Waiver or Modification of Requirements Respecting Contents of Reports

Title 29 › Chapter 11— LABOR-MANAGEMENT REPORTING AND DISCLOSURE PROCEDURE › Subchapter III— REPORTING BY LABOR ORGANIZATIONS, OFFICERS AND EMPLOYEES OF LABOR ORGANIZATIONS, AND EMPLOYERS › § 441

Last updated Apr 5, 2026|Official source

Summary

Surety companies that issue bonds under this law or the Employee Retirement Income Security Act of 1974 must file a yearly report with the Secretary for every fiscal year they had those bonds. The report must use the form and detail the Secretary requires and be filed by the company’s president and treasurer or similar officers. The report must describe bond activity, such as premiums collected, claims paid, recoveries, and legal and administrative costs, plus any other related data the Secretary needs. If some specific information can’t be reasonably found or would not be useful, the Secretary may change or waive that requirement.

Full Legal Text

Title 29, §441

Labor — Source: USLM XML via OLRC

Each surety company which issues any bond required by this chapter or the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1001 et seq.] shall file annually with the Secretary, with respect to each fiscal year during which any such bond was in force, a report, in such form and detail as he may prescribe by regulation, filed by the president and treasurer or corresponding principal officers of the surety company, describing its bond experience under each such chapter or Act, including information as to the premiums received, total claims paid, amounts recovered by way of subrogation, administrative and legal expenses and such related data and information as the Secretary shall determine to be necessary in the public interest and to carry out the policy of the chapter. Notwithstanding the foregoing, if the Secretary finds that any such specific information cannot be practicably ascertained or would be uninformative, the Secretary may modify or waive the requirement for such information.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Employee Retirement Income Security Act of 1974, referred to in text, is Pub. L. 93–406, Sept. 2, 1974, 88 Stat. 829, which is classified principally to chapter 18 (§ 1001 et seq.) of this title. For complete classification of this Act to the Code, see

Short Title

note set out under section 1001 of this title and Tables.

Amendments

1974—Pub. L. 93–406, § 112(a)(2)(D), formerly § 111(a)(2)(D), as renumbered by Pub. L. 117–328, substituted “Employee Retirement Income Security Act of 1974” for “Welfare and Pension Plans Disclosure Act”.

Statutory Notes and Related Subsidiaries

Effective Date

of 2022 AmendmentAmendment by Pub. L. 117–328 applicable to plan years beginning after Dec. 31, 2022, see section 320(c) of Pub. L. 117–328, set out as a note under section 414 of Title 26, Internal Revenue Code.

Effective Date

of 1974 AmendmentAmendment by Pub. L. 93–406 effective Jan. 1, 1975, except as provided in section 1031(b)(2) of this title, see section 1031(b)(1) of this title.

Reference

Citations & Metadata

Citation

29 U.S.C. § 441

Title 29 — Labor

Last Updated

Apr 5, 2026

Release point: 119-73not60