82 FR 10738 - BE-45: Quarterly Survey of Insurance Transactions by U.S. Insurance Companies With Foreign Persons

DEPARTMENT OF COMMERCE
Bureau of Economic Analysis

Federal Register Volume 82, Issue 30 (February 15, 2017)

By this Notice, the Bureau of Economic Analysis (BEA), Department of Commerce, is informing the public that it is conducting the mandatory survey titled Quarterly Survey of Insurance Transactions by U.S. Insurance Companies with Foreign Persons (BE-45). This survey is authorized by the International Investment and Trade in Services Survey Act.

[Federal Register Volume 82, Number 30 (Wednesday, February 15, 2017)]
[Notices]
[Pages 10738-10739]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-03059]


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DEPARTMENT OF COMMERCE

Bureau of Economic Analysis

[Docket No. 170112068-7092-01]
RIN 0691-XC061


BE-45: Quarterly Survey of Insurance Transactions by U.S. 
Insurance Companies With Foreign Persons

AGENCY: Bureau of Economic Analysis, Commerce.

ACTION: Notice of reporting requirements.

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SUMMARY: By this Notice, the Bureau of Economic Analysis (BEA), 
Department of Commerce, is informing the public that it is conducting 
the mandatory survey titled Quarterly Survey of Insurance Transactions 
by U.S. Insurance Companies with Foreign Persons (BE-45). This survey 
is authorized by the International Investment and Trade in Services 
Survey Act.

SUPPLEMENTARY INFORMATION:  The purpose of this Notice is to notify all 
U.S. persons who meet the reporting requirements set forth in this 
Notice that they must respond to, and comply with, the BE-45. Reports 
are due 60 days after the end of each calendar quarter, or 90 days 
after the close of the calendar year. This Notice is being issued in 
conformance with the rule BEA issued in 2012 (77 FR 24373) establishing 
guidelines for collecting data on international trade in services and 
direct investment through notices, rather than through rulemaking. 
Additional information about BEA's collection of data on international 
trade in services and direct investment can be found in the 2012 rule, 
the International Investment and Trade in Services Survey Act (22 
U.S.C. 3101 et seq.), and 15 CFR part 801. Survey data on international 
trade in services and direct investment that are not collected pursuant 
to the 2012 rule are described separately in 15 CFR part 801. The BE-45 
survey form and instructions are available on the BEA Web site at 
www.bea.gov/ssb.

Reporting

    Notice of specific reporting requirements, including who is to 
report, the information to be reported, the manner of reporting, and 
the time and place of filing reports, will be mailed to those required 
to complete this survey.
    Who Must Report: (a) Reports are required from U.S. persons whose 
covered transactions exceeded $8 million (positive or negative) during 
the prior calendar year, or are expected to exceed that amount during 
the current calendar year.
    (b) Entities required to report will be contacted individually by 
BEA. Entities not contacted by BEA have no reporting responsibilities.
    What To Report: The survey collects information on cross-border 
insurance transactions between U.S. insurance companies and foreign 
persons.
    How To Report: Reports can be filed using BEA's electronic 
reporting system at www.bea.gov/efile. Copies of the survey forms and 
instructions, which contain complete information on reporting 
procedures and definitions, can be downloaded from the BEA Web site 
given above. Form BE-45 inquiries can be made by phone to BEA at (301) 
278-9303 or by sending an email to [email protected].

[[Page 10739]]

    When To Report: Reports are due to BEA 60 days after the end of 
each calendar quarter, or 90 days after the close of the calendar year.

Paperwork Reduction Act Notice

    This data collection has been approved by the Office of Management 
and Budget (OMB) in accordance with the Paperwork Reduction Act and 
assigned control number 0608-0066. An agency may not conduct or 
sponsor, and a person is not required to respond to, a collection of 
information unless it displays a valid control number assigned by OMB. 
Public reporting burden for this collection of information is estimated 
to average 8 hours per response. Additional information regarding this 
burden estimate may be viewed at www.reginfo.gov; under the Information 
Collection Review tab, click on ``Search'' and use the above OMB 
control number to search for the current survey instrument. Send 
comments regarding this burden estimate to Director, Bureau of Economic 
Analysis (BE-1), U.S. Department of Commerce, 4600 Silver Hill Rd., 
Washington, DC 20233; and to the Office of Management and Budget, 
Paperwork Reduction Project 0608-0066, 725 17th Street NW., Washington, 
DC 20503.

    Authority:  22 U.S.C. 3101-3108.

Brian C. Moyer,
Director, Bureau of Economic Analysis.
[FR Doc. 2017-03059 Filed 2-14-17; 8:45 am]
 BILLING CODE 3510-06-P