[Federal Register Volume 82, Number 246 (Tuesday, December 26, 2017)]
[Notices]
[Pages 60948-60949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-27708]
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DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
December 20, 2017.
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
are requested regarding (1) 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; (2) the
accuracy of the agency's estimate of burden including the validity of
the methodology and assumptions used; (3) ways to enhance the quality,
utility and clarity of the information to be collected; and (4) 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.
Comments regarding this information collection received by January
25, 2018 will be considered. Written comments should be addressed to:
Desk Officer for Agriculture, Office of Information and Regulatory
Affairs, Office of Management and Budget (OMB), New Executive Office
Building, 725 17th Street NW, Washington, DC 20502. Commenters are
encouraged to submit their comments to OMB via email to:
[email protected] or fax (202) 395-5806 and to Departmental
Clearance Office, USDA, OCIO, Mail Stop 7602, Washington, DC 20250-
7602. Copies of the submission(s) may be obtained by calling (202) 720-
8958.
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
[[Page 60949]]
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: 195.
Frequency of Responses: Recordkeeping: Reporting; Other.
Total Burden Hours: 44,947.
Ruth Brown,
Departmental Information Clearance Officer.
[FR Doc. 2017-27708 Filed 12-22-17; 8:45 am]
BILLING CODE 3410-08-P