Division of Longshore and Harbor Workers' Compensation (DLHWC)
Each Carrier's security deposit will be determined in accordance with the State Guarantee Fund Longshore Security Factor Chart. The Factor in the far right column determines the percent of Longshore coverage that must be secured in each state. For example:
State | Total | Percent | Estimated Obligations Unsecured Deposit |
|---|---|---|---|
West Virginia | $200,000 | 100% | $200,000 |
Maryland | $200,000 | 0% | $ 0 |
Delware | $200,000 | 33% | $66,000 |
State | Guarantee Funds | Security | Factor |
|---|---|---|---|
Defense Base Act | No Guarantee Fund applicable | Yes - full | 1 |
Alabama | May not pay "deductible" amount, and time limits apply | Yes - partial | 0.33 |
Alaska | Will pay, except Longshore written as surplus line | Not required | 0 |
Arizona | Will not pay | Yes - full | 1 |
Arkansas | $300,000 limit | Yes - partial | 0.33 |
California | Will not pay any Longshore Act benefit | Yes - full | 1 |
Colorado | Will pay | Not required | 0 |
Connecticut | Will pay | Not required | 0 |
Delaware | Will not pay "deductible" amount | Yes - partial | 0.33 |
Florida | Will pay | Not required | 0 |
Georgia | Will pay | Not required | 0 |
Hawaii | Will pay | Not required | 0 |
Idaho | Will pay | Not required | 0 |
Illinois | Will not pay if insured nw >$25 m | Yes - partial | 0.33 |
Indiana | Maximum benefit of $100,000 per claim | Yes - partial | 0.33 |
Iowa | Will not pay | Yes - full | 1 |
Kansas | Will pay | Not required | 0 |
Kentucky | Will not pay | Yes - full | 1 |
Louisiana | Will not pay if insured has net worth of over $25 million | Yes - partial | 0.33 |
Maine | Will pay, but 1 year filing requirement from date of insolvency | Yes - partial | 0.33 |
Maryland | Will pay | Not required | 0 |
Massachusetts | Will pay | Not required | 0 |
Michigan | Will pay | Not required | 0 |
Minnesota | Will pay | Not required | 0 |
Mississippi | Will pay | Not required | 0 |
Missouri | Will not pay | Yes - full | 1 |
Montana | Will pay | Not required | 0 |
Nebraska | Will pay | Not required | 0 |
Nevada | Will pay | Not required | 0 |
New Hampshire | Will pay | Not required | 0 |
New Jersey | Will not pay if insured is "insolvent" | Yes - partial | 0.33 |
New Mexico | Will not pay | Yes - full | 1 |
New York | Will not pay if insured is "insolvent" | Yes - partial | 0.33 |
North Carolina | Will pay | Not required | 0 |
North Dakota | Monopolistic state, no guaranty fund | Yes - full | 1 |
Ohio | Monopolistic state, no guaranty fund | Yes - full | 1 |
Oklahoma | Will not pay | Yes - full | 1 |
Oregon | Will possibly pay | Yes - partial | 0.33 |
Pennsylvania | Will not pay if insured is "insolvent" and only up to state rates | Yes - partial | 0.66 |
Rhode Island | Will pay | Not required | 0 |
South Carolina | Will pay | Not required | 0 |
South Dakota | Will not pay | Yes - full | 1 |
Tennessee | Will not pay | Yes - full | 1 |
Texas | May pay, but not in full | Yes – partial | 0.66 |
Utah | Will possibly pay | Yes - partial | 0.33 |
Vermont | Will pay | Not required | 0 |
Virginia | Will pay | Not required | 0 |
Washington | Will pay | Not required | 0 |
West Virginia | Will not pay Longshore Act benefits | Yes - full | 1 |
Wisconsin | Will not pay if insured's nw > ($10 m) | Yes - partial | 0.33 |
Wyoming | Monopolistic state, no guaranty fund | Yes - full | 1 |