OWCP-1 Agreement and Undertaking

Agreement and Undertaking

OWCP-1

OMB: 1240-0039

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Shape1 Agreement and Undertaking

U.S. Department of Labor

Office of Workers' Compensation Programs


Authorization of an employer to be self-insured under the Black Lung Benefits Act and its implementing regulations necessitate this information collection. 30 U.S.C. 933.

Note: Persons are not required to respond to this collection of information unless it displays a currently valid OMB control number. The information collected will be used to assure the prompt payment of compensation benefits to injured employees and furnishing the information is required (20 CFR 726.110).

Name and Mailing Address of Self-insurer


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State: ZIP:



Name: Address: City:


Type of Business


OMB No. 1240-0039

Expires: XX-XX-XXXX

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Having applied to the Office of Workers' Compensation Programs (OWCP) for the privilege of giving security for the payment of compensation benefits directly by furnishing satisfactory proof to the OWCP of our financial ability to pay such compensation benefits, which authorization has been received.

WE DO HEREBY UNDERTAKE AND AGREE AS A CONDITION PRECEDENT TO SUCH AUTHORIZATION TAKING EFFECT THAT:

  1. We will, and hereby do, make an initial deposit to secure our liability to pay compensation benefits provided in the Act in the amount of the indemnity bond or securities listed below.

Shape7 Total Value of Securities Deposited $

Shape8 Where Deposited

Amount of Indemnity Bond

OR $

Name of Surety Company



Par Value of Securities

Deposit Value of Securities

Issued By

Rate of Interest


Due Date

Number of Certificate


$


$


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TOTAL


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If, in the opinion of the OWCP, we are in default in the payment of compensation or other benefits required by the Act, we hereby authorize the OWCP to sell the securities or any of them as may be required, as well as any others hereafter deposited, or bring suit under the bonds, in order to procure prompt payment of all benefits provided by the Act. Such securities, as well as any others hereafter deposited, are to be held subject to the order of the OWCP, with power to collect the interest and the principal as the same become due. In the absence of default, the interest collected by the depository bank upon securities deposited by us shall be paid to us by the bank.

  1. We will comply with the regulations for self-insurers promulgated by the OWCP, including such modifications thereof as the OWCP may make from time to time.

  2. If required by the OWCP, we will obtain and maintain excess or catastrophic insurance, in amounts to be determined by the OWCP.

  3. We will comply with the orders of the OWCP requiring the deposit of additional indemnity bonds or securities, proof of our financial condition and the verification thereof, statements of our accident/occupational disease experience and payroll exposure, and with any other

Public Burden Statement

We estimate that it will take an average of 15 minutes to complete this collection of information, including time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. The obligation to respond to this collection is required to obtain or retain benefit (Black Lung Benefits Act, 30 U.S.C. 901, 933). If you have any comments regarding these estimates or any other aspect of this collection of information, including suggestions for reducing this burden, send them to the Office of Workers' Compensation Programs, Division of Coal Mine Workers' Compensation, U.S. Department of Labor, Room N-3464, 200 Constitution Avenue, N.W., Washington, D.C. 20210. DO NOT SEND THE COMPLETED FORM TO THIS OFFICE

OWCP-1 (Rev. )


other orders pertaining to the exercise by us of the authorization of self-insurance. We will comply within the time specified in any notice mailed to us by the OWCP at our last given post office address. If we fail to comply, we consent that this authorization to pay compensation benefits directly may be revoked by the Office of Workers' Compensation Programs forthwith.


  1. We further agree to the following special conditions:


The foregoing deposits and promises are hereby tendered to the OWCP as fulfillment on our part of the conditions under which the OWCP has authorized us to give security for the payment of compensation benefits directly by furnishing satisfactory proof of our financial ability to pay such compensation benefits.


Shape42 Shape43 Shape44 Shape45 Signed at


this

day of

, 20



BY


IF THE EMPLOYER/OPERATOR IS A CORPORATION USE THIS FORM OF ACKNOWLEDGEMENT


Shape48 Shape49 Shape50 STATE OF COUNTY OF

Shape51 On the day of

, in the year 20

, before me personally came


Shape52 Shape53 , to me known, who being by me duly sworn did depose and say


that he/she resides in ; that he/she is the


(President or other Officer)


of

Shape54 Shape55 (Name of Corporation)


the corporation


described in and which executed the above instrument; that he/she knows the seal of said corporation, that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation and that he/she signed his/her name thereto by like authority.


Notary Public (SEAL)



IF THE EMPLOYER/OPERATOR IS AN INDIVIDUAL USE THIS FORM OF ACKNOWLEDGEMENT


Shape57 STATE OF

Shape58 COUNTY O


Shape59 Shape60 On the day of , in the year 20

before me personally came


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,

, to me known and known to me to be the person described in and who executed the above instrument and acknowledged to me that he/she executed the same.



Notary Public (SEAL)



IF THE EMPLOYER/OPERATOR IS A PARTNERSHIP USE THIS FORM OF ACKNOWLEDGEMENT


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F



STATE OF

Shape65 COUNTY O


Shape66 On the day of

, in the year 20

before me personally came

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,

, described on the foregoing instrument to me known and


known to me to be a member of the said firm and the person who executed said instrument and acknowledged to me that he/she executed the same on behalf of said firm.



Notary Public (SEAL)

File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
File TitleOWCP-1
AuthorDOL - OWCP
File Modified0000-00-00
File Created2021-07-31

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