Labor Dept Seeks Feedback on Policy Issuance Paperwork
Published Date: 3/24/2025
Notice
Summary
The Department of Labor wants to keep collecting info from insurance carriers about new policies they issue, but they’re asking for your thoughts first! This helps make sure the forms are easy to fill out and don’t waste your time or money. If you’re an insurance carrier or interested party, you have until May 23, 2025, to share your feedback.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Carriers must file LS-570 and assume liability
If you are an authorized insurance carrier, you must report issuance of policies and endorsements under the Longshore and Harbor Workers' Compensation Act and its extensions using form LS-570. Filing the LS-570 with OWCP’s Division of Federal Employees', Longshore and Harbor Workers' Compensation binds the carrier to full liability for the named employer’s obligations under the Act or its extensions (see 20 CFR 703.116; 33 U.S.C. 932(a) and 939).
Estimated paperwork burden and cost for carriers
OWCP estimates this information collection will involve 400 respondents and 1,500 responses, with a total of 25 annual burden hours and an annual respondent or recordkeeping cost of $24.98. These totals describe the paperwork burden private-sector carriers face for the Carrier's Report of Issuance of Policy (LS-570).
OMB Control Number required to impose penalties
Under the Paperwork Reduction Act, the agency must have OMB approval and display a valid OMB Control Number to collect information; generally, no person is subject to penalty for failing to comply with a collection that does not display a valid Control Number (see 5 CFR 1320.5(a) and 1320.6).
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Key Dates
Department and Agencies
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