[Federal Register Volume 74, Number 102 (Friday, May 29, 2009)]
[Notices]
[Pages 25801-25802]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-12533]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 20, 2009.
    The Department of Treasury will submit the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13 on or 
after the date

[[Page 25802]]

of publication of this notice. Copies of the submission(s) may be 
obtained by calling the Treasury Bureau Clearance Officer listed. 
Comments regarding this information collection should be addressed to 
the OMB reviewer listed and to the Treasury Department Clearance 
Officer, Department of the Treasury, Room 11020, 1750 Pennsylvania 
Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before June 29, 2009 
to be assured of consideration.

Office of the Procurement Executive

    OMB Number: 1505-0208.
    Type of Review: New collection.
    Title: Terrorism Risk Insurance Program Cap on Annual Liability.
    Description: Section 103 of the Terrorism Risk Insurance Act of 
2002 (the Act), as amended by the Reauthorization Act, sets a limit on 
the annual liability for insured losses at $100 billion. This section 
requires the Secretary of the Treasury to notify Congress not later 
than 15 days after the date of an act of terrorism as to whether 
aggregate insured losses are estimated to exceed the cap. The Act, as 
amended, also requires the Secretary to determine the pro rata share of 
insured losses under the Program when insured losses exceed the cap, 
and to issue regulations for carrying this out. In order to meet these 
requirements, Treasury may need to obtain loss information from 
involved insurers. This would be accomplished by the issuance of a 
``data call'' to ascertain insurer losses. In the event of the 
imposition on insurers of a ``pro rata loss percentage'', it will be 
necessary to determine compliance when processing insurer claims for 
payment of the Federal share of compensation. This would be 
accomplished by nominal revision to the currently approved Treasury 
form TRIP 02C, ``Bordereau'' or ``Schedule C''.
    Respondents: Businesses or other for-profit institutions.
    Estimated Total Reporting Burden: 1,000 hours.
    Clearance Officer: Sally Clary, Senior Insurance Analyst, 
Department of the Treasury, 1500 Pennsylvania Avenue, NW., Washington, 
DC 20220.
    OMB Reviewer: OIRA Desk Officer, Office of Management and Budget, 
Room 10235, New Executive Office Building, Washington, DC 20503, [email protected].

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E9-12533 Filed 5-28-09; 8:45 am]
BILLING CODE 4810-25-P