82 FR 56328 - Terrorism Risk Insurance Program 2018 Data Call
DEPARTMENT OF THE TREASURY Federal Register Volume 82, Issue 227 (November 28, 2017)
Federal Register Volume 82, Issue 227 (November 28, 2017)
| Page Range | 56328-56331 | |
| FR Document | 2017-25402 |
[Federal Register Volume 82, Number 227 (Tuesday, November 28, 2017)] [Notices] [Pages 56328-56331] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-25402] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Terrorism Risk Insurance Program 2018 Data Call AGENCY: Departmental Offices, U.S. Department of the Treasury. ACTION: Request for comments. ----------------------------------------------------------------------- SUMMARY: Pursuant to the Terrorism Risk Insurance Act of 2002 (TRIA),\1\ the Federal Insurance Office (FIO) requests public feedback on the proposed consolidation of the separate federal and state data calls regarding terrorism risk insurance, and the proposed data collection forms for use in the 2018 data call. Copies of these forms and associated explanatory materials (including a document identifying specific changes to the reporting templates and instructions as previously used by Treasury) are available for electronic review on the Treasury Web site at https://www.treasury.gov/resource-center/fin-mkts/Pages/program.aspx. State insurance regulators, through the National Association of Insurance Commissioners (NAIC), will also be separately seeking comment from stakeholders on the proposal. --------------------------------------------------------------------------- \1\ Public Law 107-297, 116 Stat. 2322, codified at 15 U.S.C. 6701, note. Because the provisions of TRIA (as amended) appear in a note, instead of particular sections, of the United States Code, the provisions of TRIA are identified by the sections of the law. --------------------------------------------------------------------------- DATES: Submit comments on or before January 29, 2018. ADDRESSES: Submit comments electronically through the Federal eRulemaking Portal: http://www.regulations.gov, or by mail to the Federal Insurance Office, Attn: Richard Ifft, Room 1410 MT, Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220. Because postal mail may be subject to processing delays, it is recommended that comments be submitted electronically. If submitting comments by mail, please submit an original version with two copies. Comments concerning the proposed data collection forms and [[Page 56329]] collection process should be captioned with ``2018 TRIP Data Collection Comments.'' Please include your name, group affiliation, address, email address, and telephone number(s) in your comment. Where appropriate, a comment should include a short Executive Summary (no more than five single-spaced pages). FOR FURTHER INFORMATION CONTACT: Richard Ifft, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office, Room 1410 MT, Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220, at (202) 622-2922 (not a toll-free number), Lindsey Baldwin, Senior Policy Analyst, Federal Insurance Office, at (202) 622-3220 (not a toll free number), or Kevin Meehan, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office, at (202) 622-7009 (not a toll-free number). Persons who have difficulty hearing or speaking may access these numbers via TTY by calling the toll-free Federal Relay Service at (800) 877-8339. SUPPLEMENTARY INFORMATION: I. Background and Proposed Consolidated Approach TRIA created the Terrorism Risk Insurance Program (Program) within the U.S. Department of the Treasury (Treasury) to address disruptions in the market for terrorism risk insurance, to help ensure the continued availability and affordability of commercial property and casualty insurance for terrorism risk, and to allow for the private markets to stabilize and build insurance capacity to absorb any future losses for terrorism events. The Program has been reauthorized on a number of occasions, most recently in the Terrorism Risk Insurance Program Reauthorization Act of 2015 (2015 Reauthorization Act).\2\ Section 111 of the 2015 Reauthorization Act \3\ (Section 111) requires the Secretary of the Treasury (Secretary) to perform periodic analyses of certain matters concerning the Program. In order to assist the Secretary with this process, Section 111 requires insurers to submit on an annual basis certain insurance data and information regarding their participation in the Program. FIO is authorized to assist the Secretary in the administration of the Program.\4\ --------------------------------------------------------------------------- \2\ Public Law 114-1, 129 Stat. 3. \3\ TRIA sec. 104(h). \4\ 31 U.S.C. 313(c)(1)(D). --------------------------------------------------------------------------- Treasury began collecting data from insurers in 2016 on a voluntary basis,\5\ and on a mandatory basis in 2017.\6\ Treasury also arranged in 2017 for workers' compensation rating bureaus to provide most of the workers' compensation insurance data elements.\7\ 31 CFR 50.51 requires insurers to submit the specified data no later than May 15 of each calendar year. Treasury, through an insurance statistical aggregator, uses a web portal through which insurers must submit the requested data. All information submitted via the web portal is subject to the confidentiality and data protection provisions of applicable federal law. --------------------------------------------------------------------------- \5\ 81 FR 11649 (March 4, 2016). \6\ A reporting exemption was extended to small insurers that wrote less than $10 million in TRIP-eligible lines premium in 2016. See 81 FR 95310 (December 27, 2016); 82 FR 20420 (May 1, 2017). \7\ 82 FR 20420 (May 1, 2017). --------------------------------------------------------------------------- State insurance regulators also began annually collecting data relating to terrorism risk insurance in 2016. The state insurance regulator data calls have sought information similar to that collected by Treasury, although in some cases on a more detailed, granular basis. Given the similarity of the information sought, and the burden presented to insurers by the existence of dual data calls on the same subject, Treasury and state insurance regulators have sought to create a consolidated data call for 2018 that will satisfy each of their respective objectives. For the 2018 data call, Treasury and state insurance regulators have agreed on joint reporting templates substantially similar to those used by Treasury in prior years, subject to minor changes based upon experience gained from the 2017 data call, coordination with state insurance regulators and the NAIC, and feedback from participating insurers. The most significant changes are identified below. Insurers subject to the consolidated data call will report on a group basis, if part of a group, and otherwise will report on an individual company basis. Insurers with property exposures will also be required to submit to state insurance regulators, on an individual company basis, an additional supplement focusing on the property lines of insurance subject to the Program. This supplement calls for data with respect to geographic exposures by ZIP Code. II. Changes to Data Collection Templates Pursuant to Section 111 of the 2015 Reauthorization Act, Treasury has coordinated with publicly available sources to collect information for the 2018 data call. Information relating to workers' compensation exposures is available from the workers' compensation rating bureaus, and those entities have agreed to provide that information on behalf of participating insurers. Treasury has determined, however, that all other data components remain unavailable from other sources. Accordingly, Treasury will continue to request this remaining data and information directly from insurers. However, Treasury's analysis indicates that the proposed consolidated approach for the 2018 data call will result in a significant reduction in overall data collection burdens for participating insurers. After coordinating with state insurance regulators, Treasury again proposes to use four different data collection templates (see 31 CFR 50.51(c)), depending upon the type of insurer involved. Insurers will fill out the template identified ``Insurer (Non-Small) Groups or Companies,'' unless the insurer meets the definition of a small insurer, captive insurer, or alien surplus lines insurer as set forth in 31 CFR 50.4. Such small insurers, captive insurers, and alien surplus lines insurers are required to complete separate tailored templates. Each template will be accompanied by separate instructions providing guidance on each data element. There are four global changes to the proposed reporting templates for 2018. First, all reporting templates will now include a standalone cyber insurance worksheet. Second, the reinsurance worksheet that is required for non-small insurers, alien surplus lines insurers, and captive insurers will include a new modeled loss question.\8\ Third, the exposures worksheet (required for all insurers) will request information concerning policyholder deductibles and retention amounts, in addition to insurer exposure under policies subject to the Program. Fourth, the reporting templates no longer seek premium information on terrorism risk insurance for years prior to the reporting period.\9\ In addition to these four changes, the instructions for each reporting template will contain clarifications on how to report specific data elements. --------------------------------------------------------------------------- \8\ Small insurers complete a separate reinsurance worksheet that does not contain a modeled loss question. \9\ For purposes of future reports, Treasury will use the information received during the 2017 data call, and continue to update this information over time as subsequent data calls are completed. --------------------------------------------------------------------------- There are also a number of changes for specific insurer categories. For the 2018 data call (requesting insurer data for calendar year 2017), an insurer will qualify as a small insurer if it had both 2016 policyholder surplus and 2016 direct earned premium in the TRIP- [[Page 56330]] eligible lines of insurance of less than $700 million.\10\ Small insurers that had TRIP-eligible direct earned premium of less than $10 million in 2017 will be exempt from the 2018 consolidated TRIP data call.\11\ Neither captive insurers nor alien surplus lines insurers are eligible for this reporting exemption. --------------------------------------------------------------------------- \10\ Small insurers are defined in 31 CFR 50.4(z) as insurers (or an affiliated group of insurers) whose policyholder surplus for the immediately preceding year is less than five times the Program Trigger for the current year, and whose TRIP-eligible lines direct earned premium for the previous year is also five times less than the Program Trigger. Accordingly, for the 2018 data call, an insurer qualifies as a small insurer if its 2016 policyholder surplus and 2016 direct earned premium are less than five times the 2017 Program Trigger of $140 million. \11\ To the extent an insurer with less than this level of TRIP- eligible lines direct earned premium is part of a larger group that is required to report, the insurer must report as part of the group as a whole, even if it is under the $10,000,000 direct earned premium threshold on an individual basis. Individual company information for such entities must also be reported to state insurance regulators. --------------------------------------------------------------------------- In addition to the global changes identified above, small insurers will be required to report additional information on standalone terrorism policies (in addition to the new standalone cyber insurance policy worksheet). In addition, small insurers will now report their largest estimated probable maximum loss at a single location, and the ZIP code of that location, on the reinsurance worksheet. Insurers defined as small insurers for the 2018 data call will report the same information to Treasury (on a group basis) and state insurance regulators (also on a group basis), except with respect to property coverages, for which insurers will also provide additional reporting on an individual company basis in the property supplement submitted solely to state insurance regulators. State insurance regulators will provide their own guidance regarding the submission of data for the state property supplement. In addition to the global changes identified above, non-small insurers will no longer be required to complete a separate worksheet on package/multi-line policies. The non-small insurer template should be completed by insurance groups (or individual insurers not affiliated with a group) that had either a 2016 policyholder surplus or 2016 direct earned premium in the TRIP-eligible lines of insurance equal to or greater than $700 million, and are not otherwise captive insurers or alien surplus lines insurers. Insurers defined as non-small insurers for the 2018 data call will report the same information to Treasury (on a group basis) and state insurance regulators (also on a group basis), except with respect to property coverages. For property coverages, insurers will also provide additional reporting on an individual company basis in a property supplement submitted solely to state insurance regulators. As noted above, state insurance regulators will provide their own guidance regarding the submission of data for the state property supplement. In addition to the global changes identified above, captive insurers will no longer be required to complete a separate worksheet for workers' compensation deductible policies, as this information will now be collected on the general premium worksheet. Captive insurers are defined in 31 CFR 50.4(g) as insurers licensed under the captive insurance laws or regulations of any state. As in 2017, captive insurers that write policies in TRIP-eligible lines of insurance are required to report in 2018, unless they do not provide their insureds with any terrorism risk insurance subject to the Program. The reporting template for alien surplus lines insurers does not contain changes, other than the global changes identified above. Alien surplus lines insurers are defined in 31 CFR 50.4(o)(1)(i)(B) as insurers not licensed or admitted to engage in the business of providing primary or excess insurance in any state, but that are eligible surplus line insurers listed on the NAIC Quarterly Listing of Alien Insurers. Alien surplus lines insurers that are part of a larger group classified as a non-small insurer or a small insurer should report as part of the group, using the appropriate template. Therefore, the alien surplus lines insurer template should only be used by an alien surplus lines insurer that is not part of a larger group subject to the 2018 data call. Insurers defined as alien surplus lines insurers for the 2018 data call will report their information to Treasury and provide an identical copy to state insurance regulators.\12\ --------------------------------------------------------------------------- \12\ For 2017, state insurance regulators collected terrorism risk insurance data from alien surplus lines insurers through the NAIC's International Insurers Department (IID). --------------------------------------------------------------------------- III. Submission of Data Following registration with the data aggregator, all insurers will be provided with the appropriate reporting templates for completion. Insurers will be required to submit the completed reporting templates through a secure web portal provided by the data aggregator. All data must be provided no later than May 15, 2018, which will also be the reporting deadline for state insurance regulators. Treasury intends to provide training and provide additional resources throughout the data collection period to facilitate the proper completion of reporting templates. To permit greater flexibility in the submission of data, Treasury will permit the submission of completed reporting templates in .csv file format, consistent with the format currently used by state insurance regulators. Treasury will provide further guidance on how this can be accomplished in a later notice or web posting. Responding companies may also continue to report using the templates (in Excel format) used in prior years. Reporting under the 2018 data call will be mandatory for all commercial property and casualty insurers writing insurance in lines subject to TRIA, unless the insurer falls within the exceptions for certain small insurers and captive insurers identified above. IV. Request for Comments To ensure efficient and accurate completion of the forms, Treasury is requesting public feedback on the content of the 2018 data call reporting templates, and the consolidated approach to the separate federal and state reporting outlined in this Request for Comments. The proposed forms are available for review at https://www.treasury.gov/resource-center/fin-mkts/Pages/program.aspx. V. Procedural Requirements Paperwork Reduction Act. The collection of information contained in this notice will be submitted to the Office of Management and Budget (OMB) for review under the requirements of the Paperwork Reduction Act, 44 U.S.C. 3507(d). Comments should be sent to Treasury in the form discussed in the ADDRESSES section of this notice. Comments on the collection of information should be received by January 29, 2018. Comments are being sought with respect to the collection of information in the proposed Terrorism Risk Insurance Program 2018 data call. Treasury specifically invites comments on: (a) Whether the proposed collection is responsive to the statutory requirement; (b) the accuracy of the estimate of the burden of the collections of information (see below); (c) ways to enhance the quality, utility, and clarity of the information collection; (d) ways to use automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to maintain the information. [[Page 56331]] Treasury previously analyzed the potential burdens associated with the 2017 data call. See 81 FR 95310, 95312 (December 27, 2016). The information sought by Treasury comprises data elements that insurers currently collect or generate, although not necessarily grouped together the way in which insurers currently collect and evaluate the data. Based upon insurer submissions to the 2017 data call, Treasury estimates that for purposes of the 2018 data call, approximately 100 Program participants will be required to submit the ``Insurer (Non- Small) Groups or Companies'' data collection form, 200 Program participants will be required to submit the ``Small Insurer'' form, 400 Program participants will be required to submit the ``Captive Insurer'' form, and 25 Program participants will be required to submit the ``Alien Surplus Lines Insurers'' form. Each set of reporting templates is expected to incur a different level of burden. The changes to the proposed data reporting elements in 2018 are not anticipated to have a material impact on Treasury's prior burden estimates. Treasury anticipates approximately 75 hours will be required to collect, process, and report the data for each non-small insurer, approximately 25 hours will be required to collect, process, and report data for each small insurer, and 50 hours will be required to collect, process, and report data for each captive insurer and alien surplus lines insurer. Due to the proposed consolidation of the separate federal and state data calls, however, the total burden upon reporting insurers overall (once state and federal obligations are accounted for) will be materially reduced for most insurers. Assuming this breakdown, and when applied to the number of reporting insurers anticipated in light of the experience of the 2017 data call, the estimated annual burden would be 33,750 hours ((100 insurers x 75 hours) + (200 insurers x 25 hours) + (400 insurers x 50 hours) + (25 insurers x 50 hours)). At a blended, fully loaded hourly rate of $85, the cost would be $2,868,750 across the industry as a whole, or $6,375 per non-small insurer, $2,125 per small insurer, and $4,250 each per captive insurer or alien surplus lines insurer. Steven E. Seitz, Deputy Director, Federal Insurance Office. [FR Doc. 2017-25402 Filed 11-27-17; 8:45 am] BILLING CODE 4810-25-P
![56328 Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices
per month, and the use of TTB F 5250.1 Type of Review: Extension without Form: None.
to report all processed tobacco change of a currently approved Affected Public: Businesses or other
manufactured, received, and removed collection. for-profits.
per month. TTB uses the collected Abstract: Under the Internal Revenue Estimated Total Annual Burden
information to ensure that Federal Code at 26 U.S.C. 5053, 5214, and 5362, Hours: 5.
excise taxes have been properly paid distilled spirits, wine, and beer may be Authority: 44 U.S.C. 3501 et seq.
and that manufacturers are in exported without payment of Federal
Dated: November 22, 2017.
compliance with applicable Federal law excise tax. In addition, under the IRC at
and regulations. 26 U.S.C. 5055 and 5062, taxpaid Spencer W. Clark,
Form: TTB F 5210.5, TTB F 5250.1. distilled spirits, wine, and beer may be Treasury PRA Clearance Officer.
Affected Public: Businesses or other exported and the exporter may claim [FR Doc. 2017–25680 Filed 11–27–17; 8:45 am]
for-profits. drawback (refund) on the excise taxes BILLING CODE 4810–31–P
Estimated Total Annual Burden paid. To protect the revenue, exporters
Hours: 2,820. must complete various TTB and
Title: Manufacturers of Nonbeverage customs forms to show that the products DEPARTMENT OF THE TREASURY
Products—Records to Support Claims were in fact exported. Under the TTB
Terrorism Risk Insurance Program
for Drawback. alcohol beverage export regulations in
2018 Data Call
OMB Control Number: 1513–0073. 27 CFR part 28, proprietors and
Type of Review: Extension without drawback claimants are required to AGENCY: Departmental Offices, U.S.
change of a currently approved maintain record copies of all pertinent Department of the Treasury.
collection. forms and commercial records that ACTION: Request for comments.
Abstract: The Internal Revenue Code document the exportation of non-
(IRC) at 26 U.S.C. 5001 imposes a taxpaid alcohol beverages and the SUMMARY: Pursuant to the Terrorism
Federal excise tax of $13.50 per proof exportation of taxpaid alcohol beverages Risk Insurance Act of 2002 (TRIA),1 the
gallon on distilled spirits produced or for which drawback will be claimed, Federal Insurance Office (FIO) requests
imported into the United States. and such records must be maintained public feedback on the proposed
However, the IRC at 26 U.S.C. 5111– for not less than 3 years. consolidation of the separate federal and
5114, allows manufacturers of certain Form: None. state data calls regarding terrorism risk
nonbeverage products that are unfit for Affected Public: Businesses or other insurance, and the proposed data
beverage use—medicines, medicinal for-profits. collection forms for use in the 2018 data
preparations, food products, flavors, Estimated Total Annual Burden call. Copies of these forms and
flavoring extracts, or perfume—to claim Hours: 750. associated explanatory materials
drawback (refund) of all but $1.00 per Title: Administrative Remedies— (including a document identifying
proof gallon of the excise tax paid on Requests for Closing Agreements. specific changes to the reporting
the distilled spirits used in the OMB Control Number: 1513–0099. templates and instructions as previously
production of such products. Under Type of Review: Extension without used by Treasury) are available for
these IRC authorities, TTB has issued change of a currently approved electronic review on the Treasury Web
regulations governing nonbeverage collection. site at https://www.treasury.gov/
product drawback claims, contained in Abstract: The IRC, at 26 U.S.C. 7121, resource-center/fin-mkts/Pages/
27 CFR part 17, which includes a authorizes the Secretary of the Treasury program.aspx. State insurance
requirement to keep source records to enter into a written agreement with regulators, through the National
supporting such claims. The required any person relating to the liability of Association of Insurance Commissioners
source records include information such person (or of the person or estate (NAIC), will also be separately seeking
about distilled spirits received, gauge for whom he or she acts) in respect to comment from stakeholders on the
records, evidence of taxes paid, the date any internal revenue tax for any taxable proposal.
spirits were used, the quantity and kind period. That IRC section also states that DATES: Submit comments on or before
used in each product, receipt and usage such agreements, once approved, are January 29, 2018.
of other ingredients (to validate formula final and conclusive, unless it is shown ADDRESSES: Submit comments
compliance), inventory records, records that the taxpayer exhibited fraud or electronically through the Federal
of recovered alcohol, the quantity of malfeasance, or misrepresented a eRulemaking Portal: http://
intermediate products transferred to material fact. Under its delegated www.regulations.gov, or by mail to the
other plants, the disposition of each authority, TTB has issued regulations at Federal Insurance Office, Attn: Richard
nonbeverage product produced, and the 27 CFR 70.485 pertaining to such Ifft, Room 1410 MT, Department of the
purchasers (except for retail sales). ‘‘closing agreements.’’ Specific to this Treasury, 1500 Pennsylvania Avenue
These records are necessary to protect information collection, the regulation NW., Washington, DC 20220. Because
the revenue; the required records help requires a taxpayer or their agent to postal mail may be subject to processing
prevent fraudulent claims and the submit a written request to TTB to enter delays, it is recommended that
diversion to beverage use of spirits on into a closing agreement to resolve comments be submitted electronically.
which nonbeverage product drawback is certain Federal excise tax matters. TTB If submitting comments by mail, please
claimed. uses the information collected in such a submit an original version with two
Form: None. request and any attached supporting copies. Comments concerning the
ethrower on DSK3G9T082PROD with NOTICES
Affected Public: Businesses or other documentation to determine whether proposed data collection forms and
for-profits. the Bureau should pursue a closing
Estimated Total Annual Burden agreement with the taxpayer. Closing 1 Public Law 107–297, 116 Stat. 2322, codified at
Hours: 11,130. agreements allow TTB and a taxpayer to 15 U.S.C. 6701, note. Because the provisions of
TRIA (as amended) appear in a note, instead of
Title: Proprietors or Claimants resolve tax liability matters prior to any particular sections, of the United States Code, the
Exporting Liquors. adversarial legal or administrative provisions of TRIA are identified by the sections of
OMB Control Number: 1513–0075. proceedings. the law.
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![Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices 56331
Treasury previously analyzed the each per captive insurer or alien surplus Title: VA FORM 26–0785, Lender’s
potential burdens associated with the lines insurer. Staff Appraisal Reviewer (SAR)
2017 data call. See 81 FR 95310, 95312 Application.
Steven E. Seitz,
(December 27, 2016). The information OMB Control Number: 2900–0658.
Deputy Director, Federal Insurance Office. Type of Review: Extension of a
sought by Treasury comprises data
[FR Doc. 2017–25402 Filed 11–27–17; 8:45 am] currently approved collection.
elements that insurers currently collect
or generate, although not necessarily BILLING CODE 4810–25–P Abstract: Title 38 U.S.C. 3702(d)
grouped together the way in which authorizes VA to establish standards for
insurers currently collect and evaluate lenders making automatically
the data. Based upon insurer guaranteed loans and 38 CFR 36.4344
DEPARTMENT OF VETERANS establishes requirements and
submissions to the 2017 data call, AFFAIRS
Treasury estimates that for purposes of procedures for lenders in being
approved to perform the functions
the 2018 data call, approximately 100 [OMB Control No. 2900–0658] under the Lender Appraisal Processing
Program participants will be required to
Program (LAPP).
submit the ‘‘Insurer (Non-Small) Groups Agency Information Collection Activity An agency may not conduct or
or Companies’’ data collection form, 200 Under OMB Review: Lender’s Staff sponsor, and a person is not required to
Program participants will be required to Appraisal Reviewer (SAR) Application respond to a collection of information
submit the ‘‘Small Insurer’’ form, 400 unless it displays a currently valid OMB
Program participants will be required to AGENCY: Loan Guaranty Service,
Department of Veterans Affairs. control number. The Federal Register
submit the ‘‘Captive Insurer’’ form, and Notice with a 60-day comment period
25 Program participants will be required ACTION: Notice.
soliciting comments on this collection
to submit the ‘‘Alien Surplus Lines SUMMARY: In compliance with the of information was published at 82 FR
Insurers’’ form. Paperwork Reduction Act (PRA) of 38759 on August 15, 2017, pages 38759–
Each set of reporting templates is 1995, this notice announces that the 38760.
expected to incur a different level of Loan Guaranty Service, Department of Affected Public: Individuals
burden. The changes to the proposed Veterans Affairs, will submit the (employees of lenders making
data reporting elements in 2018 are not collection of information abstracted applications).
anticipated to have a material impact on below to the Office of Management and Estimated Annual Burden: 200 hours.
Treasury’s prior burden estimates. Budget (OMB) for review and comment. Estimated Average Burden per
The PRA submission describes the Respondent: 5 minutes.
Treasury anticipates approximately 75
nature of the information collection and Frequency of Response: On occasion.
hours will be required to collect,
its expected cost and burden and it Estimated Number of Respondents:
process, and report the data for each
includes the actual data collection 2,400 per year.
non-small insurer, approximately 25
hours will be required to collect, instrument. By direction of the Secretary.
process, and report data for each small DATES: Comments must be submitted on Cynthia Harvey-Pryor,
insurer, and 50 hours will be required or before December 28, 2017. Department Clearance Officer, Office of
to collect, process, and report data for Quality, Privacy and Risk, Department of
ADDRESSES: Submit written comments
Veterans Affairs.
each captive insurer and alien surplus on the collection of information through
[FR Doc. 2017–25593 Filed 11–27–17; 8:45 am]
lines insurer. Due to the proposed www.Regulations.gov, or to Office of
BILLING CODE 8320–01–P
consolidation of the separate federal and Information and Regulatory Affairs,
state data calls, however, the total Office of Management and Budget, Attn:
burden upon reporting insurers overall VA Desk Officer; 725 17th St. NW.,
DEPARTMENT OF VETERANS
(once state and federal obligations are Washington, DC 20503 or sent through
AFFAIRS
accounted for) will be materially electronic mail to oira_submission@
reduced for most insurers. omb.eop.gov. Please refer to ‘‘OMB Advisory Committee Charter Renewals
Control No. 2900–0658’’ in any
Assuming this breakdown, and when AGENCY: Department of Veterans Affairs.
correspondence.
applied to the number of reporting
FOR FURTHER INFORMATION CONTACT: ACTION: Notice of advisory committee
insurers anticipated in light of the
Cynthia Harvey-Pryor, Office of Quality, charter renewals.
experience of the 2017 data call, the
estimated annual burden would be Privacy and Risk (OQPR), Department of SUMMARY: In accordance with the
33,750 hours ((100 insurers × 75 hours) Veterans Affairs, 810 Vermont Avenue provisions of the Federal Advisory
+ (200 insurers × 25 hours) + (400 NW., Washington, DC 20420, (202) 461– Committee Act (FACA) and after
insurers × 50 hours) + (25 insurers × 50 5870 or email cynthia.harvey-pryor@ consultation with the General Services
hours)). At a blended, fully loaded va.gov. Administration, the Secretary of
Please refer to ‘‘OMB Control No. Veterans Affairs has renewed the charter
hourly rate of $85, the cost would be
2900–0658’’ in any correspondence. for the following statutorily authorized
$2,868,750 across the industry as a
whole, or $6,375 per non-small insurer, SUPPLEMENTARY INFORMATION: Federal advisory committee for a two-
$2,125 per small insurer, and $4,250 Authority: Public Law 104–13; 44 U.S.C. year period, beginning on the date listed
ethrower on DSK3G9T082PROD with NOTICES
3501–3521. below:
Committee name Committee description Charter renewed on
Advisory Committee on Provides advice to the Secretary on the administration of national cemeteries, Soldiers’ August 16, 2017.
Cemeteries and Memorials. lots and plots, the selection of cemetery sites, the erection of appropriate memorials,
and the adequacy of Federal burial benefits.
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Document Created: 2017-11-28 01:51:10
Document Modified: 2017-11-28 01:51:10
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Request for comments. | |
| Dates | Submit comments on or before January 29, 2018. | |
| Contact | Richard Ifft, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office, Room 1410 MT, Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220, at (202) 622-2922 (not a toll-free number), Lindsey Baldwin, Senior Policy Analyst, Federal Insurance Office, at (202) 622-3220 (not a toll free number), or Kevin Meehan, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office, at (202) 622-7009 (not a toll-free number). Persons who have difficulty hearing or speaking may access these numbers via TTY by calling the toll-free Federal Relay Service at (800) 877-8339. | |
| FR Citation | 82 FR 56328 |
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