Notice2025-03555
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
Primary source
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Published
March 5, 2025
Issuing agencies
Treasury Department
Abstract
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 this request.
Full Text
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<title>Federal Register, Volume 90 Issue 42 (Wednesday, March 5, 2025)</title>
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[Federal Register Volume 90, Number 42 (Wednesday, March 5, 2025)]
[Notices]
[Page 11355]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03555]
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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 of Information Collection; request for comment.
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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 this request.
DATES: Comments should be received on or before April 4, 2025 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <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.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#87d7d5c6c7f3f5e2e6f4f2f5fea9e0e8f1"><span class="__cf_email__" data-cfemail="3e6e6c7f7e4a4c5b5f4d4b4c4710595148">[email protected]</span></a>, calling
(202) 927-5331, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Title: Collection of Data from Property and Casualty Insurers for
Reports Concerning the Terrorism Risk Insurance Program.
OMB Control Number: 1505-0257.
Type of Request: 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 2019. 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.
Form: TRIP Forms for Small Insurers, Non-Small Insurers, Captive
Insurers and Alien Surplus Lines Companies.
Affected Public: Insurance companies.
Estimated Number of Respondents: 1,015.
Frequency of Response: Annually.
Estimated Total Number of Annual Responses: 1,015.
Estimated Time per Response: Varies by type of insurer. Small
insurers--32 hours. Large Insurers--88 hours. Captive insurers--50
hours. Alien surplus line insurers--55 hours.
Estimated Total Annual Burden Hours: 51,070.
(Authority: 44 U.S.C. 3501 et seq.)
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2025-03555 Filed 3-4-25; 8:45 am]
BILLING CODE 4810-AK-P
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