[Federal Register Volume 79, Number 147 (Thursday, July 31, 2014)]
[Notices]
[Page 44383]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-18058]
========================================================================
Notices
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains documents other than rules
or proposed rules that are applicable to the public. Notices of hearings
and investigations, committee meetings, agency decisions and rulings,
delegations of authority, filing of petitions and applications and agency
statements of organization and functions are examples of documents
appearing in this section.
========================================================================
Federal Register / Vol. 79, No. 147 / Thursday, July 31, 2014 /
Notices
[[Page 44383]]
DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
July 28, 2014.
The Department of Agriculture has submitted the following
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments
regarding (a) whether the collection of information is necessary for
the proper performance of the functions of the agency, including
whether the information will have practical utility; (b) the accuracy
of the agency's estimate of burden including the validity of the
methodology and assumptions used; (c) ways to enhance the quality,
utility and clarity of the information to be collected; (d) ways to
minimize the burden of the collection of information on those who are
to respond, including through the use of appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology should be addressed to: Desk
Officer for Agriculture, Office of Information and Regulatory Affairs,
Office of Management and Budget (OMB), [email protected] or
fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO,
Mail Stop 7602, Washington, DC 20250-7602.
Comments regarding these information collections are best assured
of having their full effect if received within September 2, 2014.
Copies of the submission(s) may be obtained by calling (202) 720-8681.
An agency may not conduct or sponsor a collection of information
unless the collection of information displays a currently valid OMB
control number and the agency informs potential persons who are to
respond to the collection of information that such persons are not
required to respond to the collection of information unless it displays
a currently valid OMB control number.
Risk Management Agency
Title: General Administrative Regulations; Subpart V-Submission of
Policies, Provisions of Policies, Rates of Premium, and Non-Reinsured
Supplemental Policies.
OMB Control Number: 0563-0064.
Summary of Collections: The Federal Crop Insurance Corporation
(FCIC) amends the procedures for the submission of policies, plans of
insurance, or other rates or premium by insurance companies, entities
or other persons. Public Law 96-365 provided for nationwide expansion
of a comprehensive crop insurance program. The Federal Crop Insurance
Act, as amended, expanded the role of the crop insurance to be the
principal tool for risk management by producers of farm products and
required that the crop insurance program operate on an actuarially
sound basis. It provides for independent reviews of insurance products
by persons experienced as actuaries and in underwriting. The Act was
further amended in 2008 to provide the opportunity for the submission
of a concept proposal to the FCIC Board of Directors (Board) for
approval for advance payment of estimated research and development
expenses.
Need and Use of the Information: An applicant has the option to
submit a concept proposal or a submission package for a crop insurance
product and have it presented to the Board. The Board will review an
applicant's submissions to determine, if the interests of agricultural
producers and taxpayers are protected; the submission is actuarially
appropriate; appropriate insurance principles are followed; the
requirements of the Act are met; and that sound, reasonable and
appropriate underwriting principals are followed. If the information is
incomplete, the submission will be disapproved.
Description of Respondents: Business or other-for-profit.
Number of Respondents: 288.
Frequency of Responses: Recordkeeping: Reporting; Other.
Total Burden Hours: 113,921.
Risk Management Agency
Title: Standard Reinsurance Agreement.
OMB Control Number: 0563-0069.
Summary of Collection: The Federal Crop Insurance Act, Title 7
U.S.C. Chapter 36 Sec. 1508(k), authorizes the Federal Crop Insurance
Corporation (FCIC) to provide reinsurance to approved insurance
providers that insure producers of any agricultural commodity under one
or more plans acceptable to FCIC. The Standard Reinsurance Agreement
(SRA) is a financial agreement between FCIC and the company to provide
subsidy and reinsurance on eligible crop insurance. The SRA includes
Regulatory Duties and Responsibilities, Plan of Operations, Policy
Acceptance and Storage System and Quality Assurance and Program
Integrity.
Need and Use of the Information: The Plan of Operations provides
the information the insurer is required to file for the initial and
each subsequent reinsurance year. FCIC uses the information as a basis
for the approval of the insurer's financial and operational capability
of delivering the crop insurance program and for evaluating the
insurer's performance regarding implementation of procedures for
training and quality control. If the information were not collected,
FCIC would not be able to reinsure the crop business.
Description of Respondents: Business or other for-profit; Farms.
Number of Respondents: 20,019.
Frequency of Responses: Reporting: Annually.
Total Burden Hours: 173,200.
Charlene Parker,
Departmental Information Clearance Officer.
[FR Doc. 2014-18058 Filed 7-30-14; 8:45 am]
BILLING CODE 3410-08-P