[Federal Register Volume 67, Number 80 (Thursday, April 25, 2002)]
[Notices]
[Pages 20510-20511]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-10216]


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FEDERAL EMERGENCY MANAGEMENT AGENCY


Agency Information Collection Activities: Proposed Collection; 
Comment Request

ACTION: Notice and request for comments.

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SUMMARY: The Federal Emergency Management Agency, as part of its 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to take this opportunity 
to comment on a proposed revised information collections. In accordance 
with the Paperwork Reduction Act of 1995 (44 U.S.C. 3506(c)(2)(A)), 
this notice seeks comments concerning Write Your Own Companies 
requirements to submit financial data to FEMA on a monthly basis.

ADDRESSES: Interested persons should submit written comments to Muriel 
B. Anderson, Chief, Records Management Section, Program Services and 
Systems Branch, Facilities Management and Services Division, 
Administration and Resource Planning Directorate, Federal Emergency 
Management Agency, 500 C Street, SW, Room 316, Washington, DC 20472.

FOR FURTHER INFORMATION CONTACT: Contact Kevin Montgomery, Financial 
Management Specialist, Federal Insurance and Mitigation Administration, 
(301) 918-1453 for additional information. You may contact Ms. Anderson 
for copies of the proposed collection of information at telephone 
number (202) 646-2625 or facsimile number (202) 646-3347 or e-mail 
[email protected].

SUPPLEMENTARY INFORMATION: Under the Write-Your-Own (WYO) Program, FEMA 
regulation 44 CFR 62.3 authorizes Federal Insurance Administrator to 
enter into arrangements with individual private sector insurance 
companies that are licensed to engage in the business of property 
insurance. These companies may offer flood insurance coverage to 
eligible property owners utilizing their customary business practices. 
To facilitate the marketing of flood insurance, the Federal Government 
will be a guarantor of flood insurance coverage for WYO Company 
policies issued under the WYO arrangement. To insure that any 
policyholder money is accounted for and appropriately expended, the 
Federal Insurance and Mitigation Administration (FIMA) and WYO 
companies implemented a Financial Control Plan under FEMA regulation 44 
CFR part 62, Appendix B. This Plan requires that each WYO Company 
submit financial data on a monthly basis. The regulation explains the 
operational and financial control procedures governing the issuance of 
flood insurance coverage under the National Flood Insurance Program 
(NFIP) by private sector property insurance companies under the WYO 
Program.

Collection of Information

    Title: Write-Your-Own (WYO) Program.
    Type of Information Collection: Revision of a currently approved 
collection.
    OMB Number: 3067-0169.
    Abstract: Under the Write Your Own (WYO) Program, private sector 
insurance companies may offer flood insurance to eligible property 
owners. The Federal Government is guarantor of flood insurance coverage 
for WYO companies, issued under the WYO arrangements. In order to 
maintain adequate financial control over Federal funds, the NFIP 
requires that WYO companies submit a monthly financial report. The NFIP 
examines the data to ensure that policyholder funds are accounted for 
and appropriately expended.
    Affected Public: Business or Other For-Profit.

[[Page 20511]]

    Estimated Total Annual Burden Hours: 693 hours.
    Estimated Cost: The annualized cost of the report to the Federal 
Government and to the respondents is negligible.

Comments

    Written comments are solicited to (a) evaluate whether the proposed 
data collection is necessary for the proper performance of the agency, 
including whether the information shall have practical utility; (b) 
evaluate the accuracy of the agency's estimate of the burden of the 
proposed collection of information, including the validity of the 
methodology and assumptions used; (c) enhance the quality, utility, and 
clarity of the information to be collected; and (d) 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, e.g., permitting electronic submission of responses. 
Comments should be received within 60 days of the date of this notice.

    Dated: April 16, 2002.
Virginia Akers,
Acting Branch Chief, Program Services and Systems Branch, Facilities 
Management and Services Division, Administration and Resource Planning 
Directorate.
[FR Doc. 02-10216 Filed 4-24-02; 8:45 am]
BILLING CODE 6718-01-P