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DEMONSTRATION SITE
(This site contains needed forms, functioning help screens,
links and limited edits, but does not permit saving or submitting data nor full
editing of all data.)
Terrorism Risk Insurance Program (TRIP)
Claims Facility Information
General Information/Registration Information
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Site Notice
You are requested to review the Site
Notice before proceeding.
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Terrorism Risk Insurance Program
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On November 26, 2002, the President signed into law the Terrorism Risk Insurance
Act of 2002 (Pub. L. 107–297, 116 Stat. 2322). The Terrorism Risk Insurance Extension
Act of 2005 (Pub. L 109-144, 119 Stat. 2660) which extended the Program through
December 31, 2007, was signed December 22, 2005. On December 26, 2007, the President
signed the Terrorism Risk Insurance Program Reauthorization Act of 2007 which extended
the Program through December 31, 2014. The Department of the Treasury (Treasury)
on June 29, 2004, issued a final Claims Procedures Rule, effective July 31, 2004,
as part of its implementation of title I of the Act; 69 FR 39296. The Act also contains
specific provisions designed to manage litigation arising out of, or resulting from,
a certified act of terrorism, which has also been the subject of rulemaking. Please
refer to the online reference of
31 C.F.R §§50.82-83 for more information.
The Act, the Claims Procedures Rule, the Litigation Management Rule and related
rules found in 31 C.F.R. Part 50 contain certain definitions, requirements, and
procedures for insurers filing claims with Treasury for payment of the Federal share
of compensation for insured losses under the Terrorism Risk Insurance Program (TRIP).
The Claims Procedures Rule, Part 50, Subpart F, in particular, specifically
addresses requirements for Federal payment, the submission of an initial notice
of insured loss, loss certifications, the timing and process for payment, bank and
bank account requirements, associated recordkeeping requirements, as well as
Treasury’s audit and investigation authority. Typically, payments will be to
reimburse insurers for paid claims; if advance payments are requested, payments
must be to a segregated account (see 31 C.F.R. § 50.54).
For their complete texts and more information about the Act, TRIP, regulations and
Treasury issued interpretive letters, please visit the Treasury’s TRIP website.
Also, a “browsable” version of all of Treasury’s TRIP related regulations can be
accessed from Electronic Code of Federal
Regulations.
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This Web-Based Facility
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To obtain payment of the Federal share of compensation, insurers can use this web-based
facility (Facility) to electronically certify and submit the information required
by the Program. Insurers may also use the Facility to find out about certifying
and submitting the information in hardcopy. This Facility has been designed, developed,
and is maintained by Paragon Strategic Solutions Inc. (Paragon), under contract
with the Treasury, to incorporate TRIP rules and procedures into Facility operations.
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Claims Facility Company Registration Process
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In order to use this Facility to electronically “sign”, certify, and submit required
TRIP claims information, your organization must first register. The “Company Registration”
process (see Site Index link) provides necessary security controls, both with respect
to authenticating and safeguarding the information you are submitting and to the
general security of the Facility.
In order to receive payment, insurers must also be registered in the government’s
Central Contract Registration (CCR) system. In the case of affiliated insurers,
TRIP requires that a single insurance entity act as the single point of contact
for all aspects of submitting claims information, loss and compliance certifications,
and for payments of Federal share of compensation. It is essential that this designated
entity be registered in CCR. Hence, you should review the Registration for Payment
information on this site before completing the Claims Facitlity Company Registration
process since certain data must match in both systems.
The Company Registration process for the Facility requires that you furnish information
concerning: insurer and insurer group (affiliate) information; point of contact
information, and the identity of individuals “authorized” by your organization to
either enter TRIP claims information or to electronically certify and submit information,
or to do both, via the Facility. Note, only corporate officers designated and verified
through the Company Registration process will be able to certify and submit TRIP
claims information through the Facility. Generally, this registration process only
needs to be done once per insurer or insurer group.
After your Company Registration information has been submitted, it will be reviewed
and the designated “authorized” personnel verified. When validated, the designated
personnel will be informed of account, password, and related information needed
for access to the site for Secure Submission of information.
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Central Contractor Registration (CCR)/Registration for Payment Process
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In order to expedite claims payments, insurers will need to be registered in CCR.
CCR will validate the information and electronically share secure and encrypted
data with Treasury’s finance office to facilitate payments through electronic funds
transfer (EFT). You should review the regulations at 31 C.F.R.§ 50.54 on this site
before completing the CCR.
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Secure Submission
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Once the registration process is fully complete, and in keeping with the Government
Paperwork Elimination Act (GPEA) and the Electronic Signatures in Global and National
Commerce Act (the “e-Sign” Act), you will be able to electronically “sign”, i.e.,
certify, and submit your TRIP claims information for the losses covered under TRIA.
Upon receipt of this information it will be reviewed to assure it meets all Program
requirements and will then be processed for payment.
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