[Federal Register Volume 82, Number 47 (Monday, March 13, 2017)]
[Notices]
[Page 13547]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-04820]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Collection of Data From Property and Casualty 
Insurers for Reports Concerning the Terrorism Risk Insurance Program

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on the collection 
listed below.

DATES: Comments should be received on or before April 12, 2017 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8142, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained by emailing [email protected], calling (202) 622-0489, or 
viewing the entire information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Departmental Offices (DO)

    Title: Collection of Data from Property and Casualty Insurers for 
Reports Concerning the Terrorism Risk Insurance Program.
    OMB Control Number: 1505-XXXX.
    Type of Review: New Collection Request.
    Abstract: The Terrorism Risk Insurance Act of 2002 (TRIA) created 
the Terrorism Risk Insurance Program (Program) to address disruptions 
in the market for terrorism risk insurance, to help ensure the 
continued availability and affordability of commercial property and 
casualty insurance for terrorism risk, and to allow for the private 
markets to stabilize and build insurance capacity to absorb any future 
losses for terrorism events. The Program has been reauthorized on a 
number of occasions, most recently in the Terrorism Risk Insurance 
Program Reauthorization Act of 2015. TRIA requires the Secretary of the 
Treasury (Secretary) to perform periodic analyses of certain matters 
concerning the Program. In order to assist the Secretary with this 
process, TRIA requires insurers to submit on an annual basis certain 
insurance data and information regarding participation in the Program. 
Treasury requests stakeholder feedback on the data collection forms 
proposed for use in the 2017 data collection process, pursuant to 31 
CFR 50.51(c). Copies of these forms and associated explanatory 
materials are available for electronic review at https://www.treasury.gov/resource-center/fin-mkts/Pages/program.aspx. Treasury 
also seeks comments from interested parties on issues that Treasury 
will be analyzing in connection with its next report concerning the 
Program, which will address the participation of small insurers in the 
Program, including any competitive challenges such insurers face in the 
terrorism risk insurance marketplace.
    Form: Insurer (Non-Small) Groups or Companies (Form No. TBD), Small 
Insurers Insurer Group Affiliations (Form No. TBD), Alien Surplus Lines 
Exposure Bases by Jurisdiction (Form No. TBD), Captive Insurers 
Reinsurance (Nationwide) (Form No. TBD).
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 38,750.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: March 7, 2017.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2017-04820 Filed 3-10-17; 8:45 am]
BILLING CODE 4810-25-P