[Federal Register Volume 81, Number 134 (Wednesday, July 13, 2016)]
[Notices]
[Pages 45381-45382]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16537]


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DEPARTMENT OF THE TREASURY


Proposed Collection; Comment Request

AGENCY: Departmental Offices, Department of the Treasury.

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 proposed information collection 
that will be submitted for approval by the Office of Management and 
Budget. The Federal Insurance Office (FIO) is monitoring the extent to 
which traditionally underserved communities and consumers, minorities, 
and low- and moderate-income persons have access to affordable personal 
automobile insurance, pursuant to 31 U.S.C. 313(c)(1)(B).

DATES: Written comments must be received not later than September 12, 
2016.

[[Page 45382]]


ADDRESSES: Please submit comments electronically through the Federal 
eRulemaking Portal at http://www.regulations.gov, in accordance with 
the instructions on that site, or by mail (if hard copy, preferably an 
original and two copies) to the Federal Insurance Office, Attention: 
Lindy Gustafson, Room 1410 MT, Department of the Treasury, 1500 
Pennsylvania Avenue NW., Washington, DC 20220. As postal mail may be 
subject to processing delay, it is recommended that comments be 
submitted electronically.
    In general, the Department will post all comments to 
www.regulations.gov without change, including any business or personal 
information provided such as names, addresses, email addresses, or 
telephone numbers. The Department also will make comments available for 
public inspection and copying in the Treasury's Library, 1500 
Pennsylvania Avenue NW., Washington, DC 20220, on official business 
days between the hours of 10:00 a.m. and 5:00 p.m. Eastern Time. You 
can make an appointment to inspect comments by telephoning 202-622-
0990. All comments, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. You should submit only information that you wish to make 
available publicly.

FOR FURTHER INFORMATION CONTACT: Lindy Gustafson, Federal Insurance 
Office, 202-622-6245 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 
    OMB Number: 1505-XXXX.
    Title: Monitoring the Affordability of Personal Automobile 
Insurance.
    Abstract: Subtitle A of Title V of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act of 2010 established the Federal 
Insurance Office (FIO) in the Department of the Treasury and, among 
other things, authorizes FIO to monitor the extent to which 
traditionally underserved communities and consumers, minorities, and 
low- and moderate-income persons (collectively, Affected Persons) have 
access to affordable insurance products regarding all lines of 
insurance other than health insurance. Under this authority, FIO is 
monitoring the availability and affordability of personal automobile 
liability insurance for Affected Persons, as detailed in notices 
previously published in the Federal Register. See 79 FR 19969 (April 
10, 2014) and 80 FR 38277 (July 2, 2015). FIO will be continuing to 
review publicly available data. In addition, FIO will be reviewing data 
from statistical agents. Pursuant to this Notice, FIO also intends to 
request that insurers that have a statutory surplus greater than $500 
million at the end of the preceding calendar year, and annually write 
more than $500 million of premium for personal automobile insurance 
(collectively, Large Insurers), voluntarily provide premium data, to 
statistical agents designated by FIO, for further analysis by FIO.
    Type of Review: New data collection.
    Affected Public: Large Insurers; statistical agents.
    Estimated Number of Respondents: 40.
    Estimated Average Time per Respondent: Not to exceed 50 hours.
    Estimated Total Annual Burden Hours: Not to exceed 2,000 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 
collection; (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.

Michael T. McRaith,
Director, Federal Insurance Office.
[FR Doc. 2016-16537 Filed 7-12-16; 8:45 am]
 BILLING CODE 4810-25-P