[Federal Register Volume 84, Number 26 (Thursday, February 7, 2019)]
[Notices]
[Page 2667]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-01425]


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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 requests 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 these requests.

DATES: Comments should be received on or before March 11, 2019 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 8100, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Jennifer Quintana 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: 1505-0257.
    Type of Review: Revision of a currently approved collection.
    Description: 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 is submitting the data collection forms proposed for use 
in the 2019 data collection process, pursuant to 31 CFR 50.51(c).
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 875.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 875.
    Estimated Time per Response: Large Insurers: 75 hours; Small 
Insurers: 25 hours; Captive Insurers and Alien Surplus Lines Insurers: 
50 hours.
    Estimated Total Annual Burden Hours: 41,250.

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

    Dated: February 4, 2019.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2019-01425 Filed 2-6-19; 8:45 am]
 BILLING CODE 4810-25-P