FEDERAL SHARE CLAIM PROCESS
Payment to Treasury
Payments by insurers to Treasury may be necessary under certain
circumstances.
For example, an insurer seeking advance payments of the
Federal share of compensation is required to establish an
interest-bearing account for receiving these funds. All interest
earned on advance payments in the segregated account must
be remitted at least quarterly to Treasury.
Also, an overpayment of the Federal share of compensation
may arise through changed conditions subsequent to the payment,
such as a recalculation of the insurer deductible or later
insurer recoveries from other sources.
Payments to Treasury may be remitted by check or wire transfer.
Checks should be made payable to U.S. Treasury and addressed
to Department of the Treasury, Office of Financial Management,
Attn: Metropolitan Square, 6th Floor, 1500 Pennsylvania Ave.,
NW, Washington, DC 20220. Wire transfers should be made to
ABA number 021030004, Account number 20010001.
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Last Updated:
July 17, 2006
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