[Federal Register Volume 89, Number 99 (Tuesday, May 21, 2024)]
[Notices]
[Pages 44625-44626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-11063]


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DEPARTMENT OF AGRICULTURE


Submission for OMB Review; Comment Request

    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

[[Page 44626]]

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 June 20, 
2024 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) is a wholly owned Government corporation created February 16, 
1938, (7 U.S.C. 1501). The program was amended previously, but Public 
Law 96-365, dated September 26, 1980, provided for nationwide expansion 
of a comprehensive crop insurance program. The Federal Crop Insurance 
Act (Act), as amended in 1994, 1996, and 1998, further expanded the 
role of the crop insurance program to be the principal tool for risk 
management by producers of farm products. The Act further required that 
the crop insurance program operate on an actuarially sound basis. The 
Act allows any person to prepare a submission or propose to the FCIC 
Board of Directors (Board) a policy, provision of a policy, or rates of 
premium. The Act as amended June 20, 2000, by Public Law 106-224 
provides for independent reviews of insurance products by persons 
experienced as actuaries and in underwriting. The Act, as amended by 
Public Law 110-246, dated June 18, 2008, provided the opportunity for 
the submission of a concept proposal to the Board for approval for 
advance payment of estimated research and development expenses. The 
Act, as amended by the 2014 Agricultural Act, dated February 7, 2014, 
requires FCIC to provide instructions for index-based weather insurance 
products, a consultation report for submissions of products for 
specialty crops; additional review and approval criteria for 
submissions; and additional advanced payment for research and 
development costs for concept proposals.
    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: 138.
    Frequency of Responses: Recordkeeping: Reporting; Other.
    Total Burden Hours: 30,921.

Levi S. Harrell,
Departmental Information Clearance Officer.
[FR Doc. 2024-11063 Filed 5-20-24; 8:45 am]
BILLING CODE 3410-08-P