Labor Department Reviews War Risk Insurance Attestations
Published Date: 6/9/2026
Notice
Summary
The Department of Labor is asking for public feedback on a form insurance companies use to confirm war risk costs in Defense Base Act premiums. This helps make sure claims are handled right and must be submitted every year by March 1st. If you’re an insurer or self-insured employer dealing with war risk coverage, this affects you—comments are due by July 9, 2026, and the goal is to keep things clear and fair without extra hassle.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Annual War‑Risk Actuarial Attestation
If you are a private insurance carrier or a self‑insured employer with Defense Base Act policies, you must submit an actuarial attestation each year by March 1 for all policies with effective dates during the preceding calendar year. The collection uses OMB Control Number 1240-0NEW, DOL seeks approval for three (3) years, and the agency estimates 12 respondents, 12 total annual hours, and $12 total annual other costs for this collection.
OMB Approval & No‑Penalty Safeguard
Under the Paperwork Reduction Act, the Department cannot require responses to this collection unless OMB approves it and a valid OMB Control Number is displayed; if a valid OMB Control Number is not displayed, persons generally are not subject to penalty for not responding. The OMB will consider written comments on the collection through July 9, 2026.
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