83 FR 29155 - Agency Information Collection Activity Under OMB Review: Application by Insured Terminally Ill Person for Accelerated Benefit

DEPARTMENT OF VETERANS AFFAIRS

Federal Register Volume 83, Issue 121 (June 22, 2018)

Page Range		29155-29155
FR Document		2018-13397

In compliance with the Paperwork Reduction Act (PRA) of 1995, this notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, will submit the collection of information abstracted below to the Office of Management and Budget (OMB) for review and comment. The PRA submission describes the nature of the information collection and its expected cost and burden and it includes the actual data collection instrument.

Federal Register, Volume 83 Issue 121 (Friday, June 22, 2018)

[Federal Register Volume 83, Number 121 (Friday, June 22, 2018)]
[Notices]
[Page 29155]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13397]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0618]


Agency Information Collection Activity Under OMB Review: 
Application by Insured Terminally Ill Person for Accelerated Benefit

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995, 
this notice announces that the Veterans Benefits Administration, 
Department of Veterans Affairs, will submit the collection of 
information abstracted below to the Office of Management and Budget 
(OMB) for review and comment. The PRA submission describes the nature 
of the information collection and its expected cost and burden and it 
includes the actual data collection instrument.

DATES: Comments must be submitted on or before July 23, 2018.

ADDRESSES: Submit written comments on the collection of information 
through www.Regulations.gov, or to Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attn: VA Desk Officer; 725 
17th St. NW, Washington, DC 20503 or sent through electronic mail to 
oira_submission@omb.eop.gov. Please refer to ``OMB Control No. 2900-
0618'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Cynthia Harvey-Pryor, Enterprise 
Records Service (005R1B), Department of Veterans Affairs, 810 Vermont 
Avenue NW, Washington, DC 20420, (202) 461-5870 or email 
cynthia.harvey-pryor@va.gov. Please refer to ``OMB Control No. 2900-
0618'' in any correspondence.

SUPPLEMENTARY INFORMATION: 

    Authority: Public Law 104-13; 44 U.S.C. 3501-3521.

    Title: Application by Insured Terminally Ill Person for Accelerated 
Benefit Form SGLI 8284.
    OMB Control Number: 2900-0618.
    Type of Review: Reinstatement of a previously approved collection.
    Abstract: VA has amended regulations for the Servicemembers' Group 
Life Insurance (SGLI) and Veterans' Group Life Insurance (VGLI) 
programs to add accelerated death benefit (Accelerated Benefit) 
provisions that permit terminally ill policyholders access to the death 
benefits of their policies before they die. Traditionally, an 
individual purchases life insurance in order to safeguard his or her 
dependents against major financial loss due to his or her death. Life 
insurance serves to replace the lost income of an insured and to 
provide for his or her final expenses. In recent years, the insurance 
industry has recognized the financial needs of terminally ill 
policyholders and has begun offering policies with accelerated benefit 
provisions. A recent statutory amendment (Section 302 of the Veterans 
Programs Enhancement Act of 1998, Pub. L. 105-368, 112 Stat. 3315, 
3332-3333) added section 1980 to Title 38, United States Code, which 
extends an accelerated benefit option to terminally ill persons insured 
in the SGLI and VGLI programs. This form expired due to high volume of 
work and staffing changes.
    An agency may not conduct or sponsor, and a person is not required 
to respond to a collection of information unless it displays a 
currently valid OMB control number. The Federal Register Notice with a 
60-day comment period soliciting comments on this collection of 
information was published at 83 FR 56 on March 22, 2018, pages 12653 
and 12654.
    Affected Public: Individuals and Households.
    Estimated Annual Burden: 40 hours.
    Estimated Average Burden per Respondent: 12 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 200.

    By direction of the Secretary.
Cynthia D. Harvey-Pryor,
Department Clearance Officer, Office of Privacy, Quality and Risk, 
Department of Veterans Affairs.
[FR Doc. 2018-13397 Filed 6-21-18; 8:45 am]
BILLING CODE 8320-01-P

Federal Register / Vol. 83, No. 121 / Friday, June 22, 2018 / Notices 29155

recommend value for loan purposes. A ACTION: Notice. the death benefits of their policies
fee appraiser is a qualified person before they die. Traditionally, an
requested by the Secretary to render an SUMMARY: In compliance with the individual purchases life insurance in
estimate of the reasonable value of a Paperwork Reduction Act (PRA) of order to safeguard his or her dependents
property, or of a specified type of 1995, this notice announces that the
against major financial loss due to his or
property, within a stated area for the Veterans Benefits Administration,
her death. Life insurance serves to
purpose of justifying the extension of Department of Veterans Affairs, will
submit the collection of information replace the lost income of an insured
credit to an eligible veteran (38 CFR and to provide for his or her final
36.4301). The fee appraiser’s estimate of abstracted below to the Office of
Management and Budget (OMB) for expenses. In recent years, the insurance
value is reviewed by a VA staff
review and comment. The PRA industry has recognized the financial
appraiser or lender’s staff appraisal
submission describes the nature of the needs of terminally ill policyholders
reviewer who uses the data to establish
the VA reasonable value (38 U.S.C. information collection and its expected and has begun offering policies with
3710(b)(4), (5), (6) and 3731(f)(1)), cost and burden and it includes the accelerated benefit provisions. A recent
which becomes the maximum loan actual data collection instrument. statutory amendment (Section 302 of the
guaranty amount an eligible veteran can DATES: Comments must be submitted on Veterans Programs Enhancement Act of
obtain. or before July 23, 2018. 1998, Pub. L. 105–368, 112 Stat. 3315,
An agency may not conduct or ADDRESSES: Submit written comments 3332–3333) added section 1980 to Title
sponsor, and a person is not required to on the collection of information through 38, United States Code, which extends
respond to a collection of information www.Regulations.gov, or to Office of an accelerated benefit option to
unless it displays a currently valid OMB Information and Regulatory Affairs, terminally ill persons insured in the
control number. The Federal Register Office of Management and Budget, Attn: SGLI and VGLI programs. This form
Notice with a 60-day comment period VA Desk Officer; 725 17th St. NW, expired due to high volume of work and
soliciting comments on this collection Washington, DC 20503 or sent through staffing changes.
of information was published at 83 FR electronic mail to oira_submission@ An agency may not conduct or
08606 on April 25, 2018, page 18131. omb.eop.gov. Please refer to ‘‘OMB
Affected Public: Private Sector. sponsor, and a person is not required to
Control No. 2900–0618’’ in any respond to a collection of information
Estimated Annual Burden: 1,000
correspondence. unless it displays a currently valid OMB
hours.
Estimated Average Burden per FOR FURTHER INFORMATION CONTACT: control number. The Federal Register
Respondent: 30 minutes. Cynthia Harvey-Pryor, Enterprise Notice with a 60-day comment period
Frequency of Response: One time. Records Service (005R1B), Department soliciting comments on this collection
Estimated Number of Respondents: of Veterans Affairs, 810 Vermont of information was published at 83 FR
2,000 per year. Avenue NW, Washington, DC 20420, 56 on March 22, 2018, pages 12653 and
By direction of the Secretary. (202) 461–5870 or email cynthia.harvey- 12654.
Cynthia D. Harvey-Pryor, pryor@va.gov. Please refer to ‘‘OMB
Affected Public: Individuals and
Department Clearance Officer, Office of Control No. 2900–0618’’ in any
correspondence. Households.
Quality, Privacy and Risk, Department of
Veterans Affairs. Estimated Annual Burden: 40 hours.
SUPPLEMENTARY INFORMATION:
[FR Doc. 2018–13398 Filed 6–21–18; 8:45 am]
Authority: Public Law 104–13; 44 U.S.C.
Estimated Average Burden per
BILLING CODE 8320–01–P 3501–3521. Respondent: 12 minutes.
Title: Application by Insured Frequency of Response: One time.
DEPARTMENT OF VETERANS Terminally Ill Person for Accelerated Estimated Number of Respondents:
AFFAIRS Benefit Form SGLI 8284. 200.
OMB Control Number: 2900–0618. By direction of the Secretary.
[OMB Control No. 2900–0618] Type of Review: Reinstatement of a
previously approved collection. Cynthia D. Harvey-Pryor,
Agency Information Collection Activity Department Clearance Officer, Office of
Abstract: VA has amended regulations
Under OMB Review: Application by Privacy, Quality and Risk, Department of
for the Servicemembers’ Group Life
Insured Terminally Ill Person for Veterans Affairs.
Insurance (SGLI) and Veterans’ Group
Accelerated Benefit [FR Doc. 2018–13397 Filed 6–21–18; 8:45 am]
Life Insurance (VGLI) programs to add
AGENCY: Veterans Benefits accelerated death benefit (Accelerated BILLING CODE 8320–01–P
Administration, Department of Veterans Benefit) provisions that permit
Affairs. terminally ill policyholders access to
daltland on DSKBBV9HB2PROD with NOTICES

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Document Created: 2018-11-06 09:50:22
Document Modified: 2018-11-06 09:50:22

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		Notice.
Dates		Comments must be submitted on or before July 23, 2018.
Contact		Cynthia Harvey-Pryor, Enterprise Records Service (005R1B), Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420, (202) 461-5870 or email [email protected] Please refer to ``OMB Control No. 2900- 0618'' in any correspondence.
FR Citation		83 FR 29155