(a) Upon the Office's request, each insurance carrier must submit
the following reports:
(1) A certified financial statement of the carrier's assets and
liabilities, or a balance sheet.
(2) A sworn statement showing the extent of the carrier's unsecured
LHWCA obligations for each State in which it is authorized to write
insurance under the LHWCA or any of its extensions.
(3) A sworn statement reporting the carrier's open cases as of the
date of such report, listing by State all death and injury cases,
together with a report of the status of all outstanding claims.
(b) Whenever it considers necessary, the Office may inspect or
examine a carrier's books of account, records, and other papers to
verify any financial statement or other information the carrier
furnished to the Office in any statement or report required by this
section, or any other section of the regulations in this part. The
carrier must permit the Office or its duly authorized representative to
make the inspection or examination. Alternatively, the Office may accept
an adequate independent audit by a certified public accountant.
