Application for Security Deposit Determination
U.S. Department of Labor
Office of Workers' Compensation Programs
OMB Form No. 1240-0005 Exp Date: 12/31/2019
An insurance carrier authorized to write insurance for the payment of compensation under the Longshore and Harbor Workers' Compensation Act, 33
USC 901-950, or any of its extensions must fully secure its payment obligations under these statutes by depositing security in an amount determined by
the Office of Workers' Compensation Programs. On an annual basis, each authorized carrier (or a carrier seeking authorization) must complete this
application. The information in this application will help the Office determine the security amount necessary to fully secure the carrier's payment of
compensation, medical services and supplies, and any other obligations it has under these statutes.
No authorization for insurance carriers will be approved unless a complete application form has been received. (33 USC 932; 20 CFR
703.203). Persons are not required to respond to this collection of information unless it displays a currently valid OMB control number.
INSTRUCTIONS:
Please complete all items. If your answer requires more space than provided, please attach a separate sheet(s) for each
and identify the item you are answering. Information contained in this application will not be open to public inspection.
You must also complete Form LS-274, Report of Injury Experience, and submit it as part of this application.
Please submit the completed application and any attachments to: US Department of Labor, Office of Workers' Compensation Programs, Division of
Longshore and Harbor Workers' Compensation, Room C-4319, 200 Constitution Avenue, N.W., Washington, D.C. 20210.
1.
Application Period: January 1,
2. Insurance Carrier's Name and Address (Principal Office)
Check all acts that you are authorized to write insurance under:
3.
Defense Base Act (DBA)Longshore and Harbor Workers' Compensation Act (LHWCA)
C.
A.
(42 USC 1651)
(33 USC 901)
D.
Outer Continental Shelf Lands Act (OCSLA)
Nonappropriated Fund Instrumentalities Act (NAFI)
(5 USC 8171)
B.
(43 USC 1331)
Facsimile Number:
Telephone Number:
5.
4.
Yes
6. Are you applying for an exemption from the security deposit requirements (see 20 C.F.R. 703.203(a)(1))?
If you checked yes, you must attach documentation establishing your current rating and your rating for the immediately preceding year from each
insurance rating service designated by OWCP and posted on the Internet at http://www.dol.gov/owcp/dlhwc/index.htm.
If you checked no, proceed to number 7.
7. Columns a and b:
Report your outstanding payment obligations under the LHWCA, and /or its extensions, for each state in which the liabilities
arose. (Please base your report on your completed form LS-274, Report of Injury Experience.)
Column c:
List the percentage of the liabilities reported
in columns a and b based on the current status of each state's guaranty fund's protection for Longshore benefits: The Office's determination of each
state's coverage was transmitted to you with this application form. It is also available on the internet at http://www.dol.gov/owcp/dlhwc/index.htm. If you
use a percentage different from the Office's determination for any particular state, you should submit documentation supporting your conclusion.
Column d:
Enter deposit amount you believe will fully secure your obligations in each state.
NOTE:
A separate LS-274 must be submitted for each
state along with an attachment stating the information submitted is ''certified as true and accurate'' and must bear the notarized signature of a corporate
officer.
d. ESTIMATED
c. PERCENT
b. TOTAL
a. STATE
DEPOSIT
UNSECURED
OBLIGATIONS
8.
Total estimated security deposit amount: $
Form LS-276
April 2009
No
to December 31,
