[Federal Register Volume 78, Number 120 (Friday, June 21, 2013)]
[Notices]
[Pages 37660-37661]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14835]


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DEPARTMENT OF THE TREASURY


Proposed Collection; Comment Request

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork burdens, invites the general public and 
other Federal agencies to comment on a currently approved information 
collection that is due for extension approval by the Office of 
Management and Budget. The Terrorism Risk Insurance Program Office 
within the Department of the Treasury is soliciting comments concerning 
the Record Keeping Requirements set forth in 31 CFR part 50, subpart F 
(Sec. 50.50-50.55).

DATES: Written comments must be received on or before August 20, 2013.

ADDRESSES: Submit comments by email to [email protected] or by 
mail (if hard copy, preferably an original and two copies) to: 
Terrorism Risk Insurance Program, Public Comment Record, Suite 2100, 
Department of the Treasury, 1425 New York Ave. NW., Washington, DC 
20220. Because paper mail in the Washington DC area may be subject to 
delay, it is recommended that comments be submitted electronically. All 
comments should be captioned with ``PRA Comments--Recoupment Procedures 
of the Terrorism Risk Insurance Act (TRIA)''. Please include your name, 
affiliation, address, email address and telephone number in your 
comment. Comments will be available for public inspection by 
appointment only at the Reading Room of the Treasury Library. To makes 
appointments, call (202) 622-0990 (not a toll-free number).

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to: Terrorism Risk Insurance Program Office at (202) 
622-6770 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

[[Page 37661]]

    OMB Number: 1505-0197.
    Title: Terrorism Risk Insurance Program: Recordkeeping Requirements 
for Insurers Compensated Under Terrorism Risk Insurance Program.
    Abstract: Sections 103(a) and 104 of the Terrorism Risk Insurance 
Act of 2002 (Pub. L. 107-297) (``Act'') (as extended by the Terrorism 
Risk Insurance Extension Act of 2005, Pub. L. 109-144 and the Terrorism 
Risk Insurance Program Reauthorization Act of 2007, Pub. L. 110-160) 
authorize the Department of the Treasury to administer and implement 
the Terrorism Risk Insurance Program established by the Act. In 31 CFR 
part 50, subpart F (Sec. 50.50-50.55), Treasury established 
requirements and procedures for insurers that file claims for payment 
of the Federal share of compensation for insured losses resulting from 
a certified act of terrorism under the Act. Section 50.60 allows 
Treasury access to records of an insurer pertinent to amounts paid as 
the Federal share of compensation for insured losses in order to 
conduct investigations, confirmations and audits. Section 50.61 
requires insurers to retain all records as are necessary to fully 
disclose all material matters pertaining to insured losses. This 
collection of information is the recordkeeping requirement in Sec.  
50.61.
    Type of Review: Extension of a currently approved data collection.
    Affected Public: Business/Financial Institutions.
    Estimated Number of Respondents: 100.
    Estimated Average Time per Respondent: 8.3 hours.
    Estimated Total Annual Burden Hours: 833 hours.
    Request for Comments: An agency may not conduct or sponsor, and a 
person is not required to respond to, a collection of information 
unless the collection of information displays a valid OMB control 
number. Comments submitted in response to this notice will be 
summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
collections; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated June 17, 2013.
Jeffrey S. Bragg,
Director, Terrorism Risk Insurance Program.
[FR Doc. 2013-14835 Filed 6-20-13; 8:45 am]
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