[Federal Register Volume 70, Number 142 (Tuesday, July 26, 2005)]
[Notices]
[Pages 43165-43166]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-14663]


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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Federal Emergency Management Agency, Emergency Preparedness and 
Response Directorate, U.S. Department of Homeland Security.

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 proposed continuing 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.

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

[[Page 43166]]

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: Extension of a currently approved 
collection.
    OMB Number: 1660-0020.
    Form Numbers: None.
    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.
    Estimated Total Annual Burden Hours: 679 hours.

                                               Annual Burden Hours
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   Project/activity (survey,        No. of                                            Annual       Total annual
     form(s), focus group,        respondents    Frequency of   Burden hours per     responses     burden hours
       worksheet, etc.)               (A)       responses  (B)   respondent  (C)       (AxB)          (AxBxC)
----------------------------------------------------------------------------------------------------------------
Financial Report..............              97              12  .59 hrs (35                1,164             687
                                                                 minutes).
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    Estimated Cost: Average cost of $171.00 per respondent for all 12 
monthly financial reports ($14.00 per report). Combined Cost-All 
Respondents totals $16,332.00.
    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.

ADDRESSES: Interested persons should submit written comments to Chief, 
Records Management Section, Information Resources Management Branch, 
Information Technology Services Division, Federal Emergency Management 
Agency, Emergency Preparedness and Response Directorate, Department of 
Homeland Security, 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 the Records 
Management Section for copies of the proposed collection of information 
at telephone number (202) 646-2625.

    Dated: July 20, 2005.
George S. Trotter,
Acting Branch Chief, Information Resources Management Branch, 
Information Technology Services Division.
[FR Doc. 05-14663 Filed 7-25-05; 8:45 am]
BILLING CODE 9110-11-P