[Federal Register Volume 86, Number 16 (Wednesday, January 27, 2021)]
[Notices]
[Page 7246]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-01760]


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DEPARTMENT OF AGRICULTURE


Submission for OMB Review; Comment Request

January 22, 2021.
    The Department of Agriculture has submitted the following 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments 
are requested regarding: Whether the collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility; the 
accuracy of the agency's estimate of burden including the validity of 
the methodology and assumptions used; ways to enhance the quality, 
utility and clarity of the information to be collected; and ways to 
minimize the burden of the collection of information on those who are 
to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology.
    Comments regarding this information collection received by February 
26, 2021 will be considered. Written comments and recommendations for 
the proposed information collection should be submitted within 30 days 
of the publication of this notice on the following website 
www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.
    An agency may not conduct or sponsor a collection of information 
unless the collection of information displays a currently valid OMB 
control number and the agency informs potential persons who are to 
respond to the collection of information that such persons are not 
required to respond to the collection of information unless it displays 
a currently valid OMB control number.

Risk Management Agency

    Title: General Administrative Regulations; Subpart V--Submission of 
Policies, Provisions of Policies, Rates of Premium, and Non-Reinsured 
Supplemental Policies.
    OMB Control Number: 0563-0064.
    Summary of Collections: The Federal Crop Insurance Corporation 
(FCIC) amends the procedures for the submission of policies, plans of 
insurance, or other rates or premium by insurance companies, entities 
or other persons. Public Law 96-365 provided for nationwide expansion 
of a comprehensive crop insurance program. The Federal Crop Insurance 
Act, as amended, expanded the role of the crop insurance to be the 
principal tool for risk management by producers of farm products and 
required that the crop insurance program operate on an actuarially 
sound basis. It provides for independent reviews of insurance products 
by persons experienced as actuaries and in underwriting. The Act was 
further amended in 2008 to provide the opportunity for the submission 
of a concept proposal to the FCIC Board of Directors (Board) for 
approval for advance payment of estimated research and development 
expenses.
    Need and Use of the Information: An applicant has the option to 
submit a concept proposal or a submission package for a crop insurance 
product and have it presented to the Board. The Board will review an 
applicant's submissions to determine, if the interests of agricultural 
producers and taxpayers are protected; the submission is actuarially 
appropriate; appropriate insurance principles are followed; the 
requirements of the Act are met; and that sound, reasonable and 
appropriate underwriting principals are followed. If the information is 
incomplete, the submission will be disapproved.
    Description of Respondents: Business or other-for-profit.
    Number of Respondents: 190.
    Frequency of Responses: Recordkeeping: Reporting; Other.
    Total Burden Hours: 44,631.

Ruth Brown,
Departmental Information Clearance Officer.
[FR Doc. 2021-01760 Filed 1-26-21; 8:45 am]
BILLING CODE 3410-08-P