Notice2024-11063
Submission for OMB Review; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 21, 2024
Issuing agencies
Agriculture Department
Full Text
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<title>Federal Register, Volume 89 Issue 99 (Tuesday, May 21, 2024)</title>
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[Federal Register Volume 89, Number 99 (Tuesday, May 21, 2024)]
[Notices]
[Pages 44625-44626]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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
<a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. 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
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</html>Indexed from Federal Register on May 21, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.