Insurer Reporting Requirements; Reports Under 49 U.S.C. on Section 33112(c), 17617-17618 [E7-6517]

Download as PDF sroberts on PROD1PC70 with NOTICES Federal Register / Vol. 72, No. 67 / Monday, April 9, 2007 / Notices the modification, GM believes that the MY 2008 antitheft device will be more effective in deterring theft than the parts-marking requirements of 49 CFR Part 541. For clarification purposes, the agency notes that it does not collect theft data. NHTSA publishes theft rates based on data provided by the NCIC of the Federal Bureau of Investigation. NHTSA uses NCIC data to calculate theft rates and publishes these rates annually in the Federal Register. In addressing the specific content requirements of 543.6, GM provided information on the reliability and durability of the proposed device. To ensure reliability and durability of the device, GM conducted tests based on its own specified standards. GM provided a detailed list of the tests conducted and believes that the device is reliable and durable since it complied with the specified requirements for each test. GM stated that the PASS-Key III+ system has been designed to enhance the functionality and theft protection provided by GM’s first, second, and third generation PASS-Key, PASS-Key II, and PASS-Key III systems. GM compared the device proposed for its vehicle line with other devices which NHTSA has determined to be as effective in reducing and deterring motor vehicle theft as would compliance with the parts-marking requirements. GM stated that the theft rates for the 2003 and 2004 Cadillac CTS and the MY 2004 Cadillac SRX currently installed with the PASS-Key III+ antitheft device exhibit theft rates that are lower than the median theft rate (3.5826) established by the agency. The Cadillac CTS introduced as a MY 2003 vehicle line has been equipped with the PASS-Key III+ device since the start of production. The theft rates for the MY 2003 and 2004 Cadillac CTS is 1.0108 and 0.7681 respectively. Similarly, the Cadillac SRX introduced as a MY 2004 vehicle has been equipped with the PASS-Key III+ device since production. The theft rate for MY 2004 Cadillac SRX is 0.7789. GM stated that the theft rates experienced by these lines with installation of the PASS-Key III+ device demonstrate the effectiveness of the device. The agency agrees that the device is substantially similar to devices for which the agency has previously approved exemptions. Based on comparison of the reduction in the theft rates of GM vehicles using a passive theft deterrent device with an audible/visible alarm system to the reduction in theft rates for GM vehicle models equipped with a passive antitheft device without an alarm, GM finds that the lack of an alarm or VerDate Aug<31>2005 18:21 Apr 06, 2007 Jkt 211001 attention attracting device does not compromise the theft deterrent performance of a system such as PASSKey III+. GM’s proposed device, as well as other comparable devices that have received full exemptions from the partsmarking requirements, lack an audible or visible alarm. Therefore, these devices cannot perform one of the functions listed in 49 CFR Part 543.6(a)(3), that is, to call attention to unauthorized attempts to enter or move the vehicle. However, theft data have indicated a decline in theft rates for vehicle lines that have been equipped with devices similar to that which GM proposes. In these instances, the agency has concluded that the lack of a visual or audio alarm has not prevented these antitheft devices from being effective protection against theft. Based on the evidence submitted by GM, the agency believes that the antitheft device for the GM vehicle line is likely to be as effective in reducing and deterring motor vehicle theft as compliance with the parts-marking requirements of the Theft Prevention Standard (49 CFR 541). The agency concludes that the device will provide four of the five types of performance listed in § 543.6(a)(3): Promoting activation; preventing defeat or circumvention of the device by unauthorized persons; preventing operation of the vehicle by unauthorized entrants; and ensuring the reliability and durability of the device. As required by 49 U.S.C. 33106 and 49 CFR Part 543.6(a)(4) and (5), the agency finds that GM has provided adequate reasons for its belief that the antitheft device will reduce and deter theft. This conclusion is based on the information GM provided about its device. For the foregoing reasons, the agency hereby grants in full GM’s petition for exemption for the Saturn Aura vehicle line from the parts-marking requirements of 49 CFR Part 541. The agency notes that 49 CFR Part 541, Appendix A–1, identifies those lines that are exempted from the Theft Prevention Standard for a given model year. 49 CFR Part 543.7(f) contains publication requirements incident to the disposition of all Part 543 petitions. Advanced listing, including the release of future product nameplates, the beginning model year for which the petition is granted and a general description of the antitheft device is necessary in order to notify law enforcement agencies of new vehicle lines exempted from the parts marking requirements of the Theft Prevention Standard. PO 00000 Frm 00143 Fmt 4703 Sfmt 4703 17617 If GM decides not to use the exemption for this line, it should formally notify the agency. If such a decision is made, the line must be fully marked according to the requirements under 49 CFR 541.5 and 541.6 (marking of major component parts and replacement parts). NHTSA notes that if GM wishes in the future to modify the device on which this exemption is based, the company may have to submit a petition to modify the exemption. Part 543.7(d) states that a Part 543 exemption applies only to vehicles that belong to a line exempted under this part and equipped with the antitheft device on which the line’s exemption is based. Further, Part 543.9(c)(2) provides for the submission of petitions ‘‘to modify an exemption to permit the use of an antitheft device similar to but differing from the one specified in that exemption.’’ The agency wishes to minimize the administrative burden that § 543.9(c)(2) could place on exempted vehicle manufacturers and itself. The agency did not intend in drafting Part 543 to require the submission of a modification petition for every change to the components or design of an antitheft device. The significance of many such changes could be de minimis. Therefore, NHTSA suggests that if the manufacturer contemplates making any changes, the effects of which might be characterized as de minimis, it should consult the agency before preparing and submitting a petition to modify. Authority: 49 U.S.C. 33106; delegation of authority at 49 CFR 1.50. Issued on: April 3, 2007. Stephen R. Kratzke, Associate Administrator for Rulemaking. [FR Doc. E7–6528 Filed 4–6–07; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF TRANSPORTATION National Highway Traffic Safety Administration [NHTSA–04–17217] Insurer Reporting Requirements; Reports Under 49 U.S.C. on Section 33112(c) National Highway Traffic Safety Administration (NHTSA), Department of Transportation. ACTION: Notice of availability. AGENCY: SUMMARY: This notice announces publication by NHTSA of the annual insurer report on motor vehicle theft for the 2001 reporting year. Section 33112(h) of Title 49 of the U.S. Code, E:\FR\FM\09APN1.SGM 09APN1 sroberts on PROD1PC70 with NOTICES 17618 Federal Register / Vol. 72, No. 67 / Monday, April 9, 2007 / Notices requires this information to be compiled periodically and published by the agency in a form that will be helpful to the public, the law enforcement community, and Congress. As required by section 33112(c), this report provides information on theft and recovery of vehicles; rating rules and plans used by motor vehicle insurers to reduce premiums due to a reduction in motor vehicle thefts; and actions taken by insurers to assist in deterring thefts. ADDRESSES: Interested persons may obtain a copy of this report and appendices by contacting the U.S. Department of Transportation, Docket Management, Room PL–401, 400 Seventh Street, SW., Washington, DC 20590. Docket hours are from 10 a.m. to 5 p.m. Requests should refer to Docket No. 2004–17217. This report and appendices may also be viewed on-line at: http://www.nhtsa.dot.gov/cars/rules/ theft. FOR FURTHER INFORMATION CONTACT: Ms. Rosalind Proctor, Office of International Vehicle, Fuel Economy and Consumer Standards, NHTSA, 400 Seventh Street, SW., Washington, DC 20590. Ms. Proctor’s telephone number is (202) 366–0846. Her fax number is (202) 493– 2290. SUPPLEMENTARY INFORMATION: The Motor Vehicle Theft Law Enforcement Act of 1984 (Theft Act) was implemented to enhance detection and prosecution of motor vehicle theft (Pub. L. 98–547). The Theft Act added a new Title VI to the Motor Vehicle Information and Cost Savings Act, which required the Secretary of Transportation to issue a theft prevention standard for identifying major parts of certain high-theft lines of passenger cars. The Act also addressed several other actions to reduce motor vehicle theft, such as increased criminal penalties for those who traffic in stolen vehicles and parts, curtailment of the exportation of stolen motor vehicles and off-highway mobile equipment, establishment of penalties for dismantling vehicles for the purpose of trafficking in stolen parts, and development of ways to encourage decreases in premiums charged to consumers for motor vehicle theft insurance. This notice announces publication by NHTSA of the annual insurer report on motor vehicle theft for the 2001 reporting year. Section 33112(h) of Title 49 of the U.S. Code, requires this information to be compiled periodically and published by the agency in a form that will be helpful to the public, the law enforcement community, and Congress. As required by section 33112(h), this report focuses on the VerDate Aug<31>2005 18:21 Apr 06, 2007 Jkt 211001 assessment of information on theft and recovery of motor vehicles, comprehensive insurance coverage and actions taken by insurers to reduce thefts for the 2001 reporting period. Section 33112 of Title 49 requires subject insurers or designated agents to report annually to the agency on theft and recovery of vehicles, on rating rules and plans used by insurers to reduce premiums due to a reduction in motor vehicle thefts, and on actions taken by insurers to assist in deterring thefts. Rental and leasing companies also are required to provide annual theft reports to the agency. In accordance with 49 CFR Part 544.5, each insurer, rental and leasing company to which this regulation applies must submit a report annually not later than October 25, beginning with the calendar year for which they are required to report. The report would contain information for the calendar year three years previous to the year in which the report is filed. The report that was due by October 25, 2004 contains the required information for the 2001 calendar year. Interested persons may obtain a copy of individual insurer reports for CY 2001 by contacting the U.S. Department of Transportation, Docket Management, Room PL–401, 400 Seventh Street, SW., Washington, DC 20590. Docket hours are from 10 a.m. to 5 p.m. Requests should refer to Docket No. 2004–17217. The annual insurer reports provided under section 33112 are intended to aid in implementing the Theft Act and fulfilling the Department’s requirements to report to the public the results of the insurer reports. The first annual insurer report, referred to as the Section 612 Report on Motor Vehicle Theft, was prepared by the agency and issued in December 1987. The report included theft and recovery data by vehicle type, make, line, and model which were tabulated by insurance companies and, rental and leasing companies. Comprehensive premium information for each of the reporting insurance companies was also included. This report, the seventeenth, discloses the same subject information and follows the same reporting format. Issued on: March 30, 2007. Stephen R. Kratzke, Associate Administrator for Rulemaking. [FR Doc. E7–6517 Filed 4–6–07; 8:45 am] BILLING CODE 4910–59–P PO 00000 Frm 00144 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Office of Thrift Supervision [No. OTS–2007–0009] Savings and Loan Holding Company Rating System Office of Thrift Supervision, Treasury (OTS). ACTION: Notice and request for comment. AGENCY: SUMMARY: Changes in the environment in which depository institutions and their holding companies operate have had a substantial impact on the way they are managed and necessitate changes in the way they are supervised. OTS supervises a diverse population of holding companies ranging from noncomplex companies with limited activities to large, internationally active conglomerates that engage in a variety of activities. OTS has a well-established program for meeting its statutory responsibilities with respect to savings and loan holding companies (SLHCs or holding companies) and the thrift industry. Holding company supervision is an integral part of this oversight program, and OTS routinely takes steps to enhance its risk-focused supervision of holding companies. While OTS has emphasized risk management in its supervisory processes for SLHCs of all sizes and complexities, this emphasis is not readily apparent in the primary components of the current SLHC supervisory rating system, CORE (Capital, Organizational Structure, Relationship, and Earnings). Therefore, OTS is considering making changes to the component descriptions and rating scale used to evaluate the condition of SLHCs. All SLHCs are assigned a rating, although the degree of supervisory scrutiny varies based on a risk-focused evaluation of their size, complexity, business activities, and risk exposures. OTS is committed to maintaining a common CORE component framework and a rating system that is flexible and applies to all SLHCs. After reviewing public comments, OTS intends to make any necessary changes to the proposal and adopt a final SLHC rating system. DATES: Comments must be received by June 8, 2007. ADDRESSES: You may submit comments, identified by OTS–2007–0009, by any of the following methods: • Federal eRulemaking Portal: Go to http://www.regulations.gov, select ‘‘Office of Thrift Supervision’’ from the agency drop-down menu, then click submit. Select Docket ID ‘‘OTS–2007– 0009’’ to submit or view public E:\FR\FM\09APN1.SGM 09APN1

Agencies

[Federal Register Volume 72, Number 67 (Monday, April 9, 2007)]
[Notices]
[Pages 17617-17618]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-6517]


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DEPARTMENT OF TRANSPORTATION

National Highway Traffic Safety Administration

[NHTSA-04-17217]


Insurer Reporting Requirements; Reports Under 49 U.S.C. on 
Section 33112(c)

AGENCY: National Highway Traffic Safety Administration (NHTSA), 
Department of Transportation.

ACTION: Notice of availability.

-----------------------------------------------------------------------

SUMMARY: This notice announces publication by NHTSA of the annual 
insurer report on motor vehicle theft for the 2001 reporting year. 
Section 33112(h) of Title 49 of the U.S. Code,

[[Page 17618]]

requires this information to be compiled periodically and published by 
the agency in a form that will be helpful to the public, the law 
enforcement community, and Congress. As required by section 33112(c), 
this report provides information on theft and recovery of vehicles; 
rating rules and plans used by motor vehicle insurers to reduce 
premiums due to a reduction in motor vehicle thefts; and actions taken 
by insurers to assist in deterring thefts.

ADDRESSES: Interested persons may obtain a copy of this report and 
appendices by contacting the U.S. Department of Transportation, Docket 
Management, Room PL-401, 400 Seventh Street, SW., Washington, DC 20590. 
Docket hours are from 10 a.m. to 5 p.m. Requests should refer to Docket 
No. 2004-17217. This report and appendices may also be viewed on-line 
at: http://www.nhtsa.dot.gov/cars/rules/theft.

FOR FURTHER INFORMATION CONTACT: Ms. Rosalind Proctor, Office of 
International Vehicle, Fuel Economy and Consumer Standards, NHTSA, 400 
Seventh Street, SW., Washington, DC 20590. Ms. Proctor's telephone 
number is (202) 366-0846. Her fax number is (202) 493-2290.

SUPPLEMENTARY INFORMATION: The Motor Vehicle Theft Law Enforcement Act 
of 1984 (Theft Act) was implemented to enhance detection and 
prosecution of motor vehicle theft (Pub. L. 98-547). The Theft Act 
added a new Title VI to the Motor Vehicle Information and Cost Savings 
Act, which required the Secretary of Transportation to issue a theft 
prevention standard for identifying major parts of certain high-theft 
lines of passenger cars. The Act also addressed several other actions 
to reduce motor vehicle theft, such as increased criminal penalties for 
those who traffic in stolen vehicles and parts, curtailment of the 
exportation of stolen motor vehicles and off-highway mobile equipment, 
establishment of penalties for dismantling vehicles for the purpose of 
trafficking in stolen parts, and development of ways to encourage 
decreases in premiums charged to consumers for motor vehicle theft 
insurance.
    This notice announces publication by NHTSA of the annual insurer 
report on motor vehicle theft for the 2001 reporting year. Section 
33112(h) of Title 49 of the U.S. Code, requires this information to be 
compiled periodically and published by the agency in a form that will 
be helpful to the public, the law enforcement community, and Congress. 
As required by section 33112(h), this report focuses on the assessment 
of information on theft and recovery of motor vehicles, comprehensive 
insurance coverage and actions taken by insurers to reduce thefts for 
the 2001 reporting period.
    Section 33112 of Title 49 requires subject insurers or designated 
agents to report annually to the agency on theft and recovery of 
vehicles, on rating rules and plans used by insurers to reduce premiums 
due to a reduction in motor vehicle thefts, and on actions taken by 
insurers to assist in deterring thefts. Rental and leasing companies 
also are required to provide annual theft reports to the agency. In 
accordance with 49 CFR Part 544.5, each insurer, rental and leasing 
company to which this regulation applies must submit a report annually 
not later than October 25, beginning with the calendar year for which 
they are required to report. The report would contain information for 
the calendar year three years previous to the year in which the report 
is filed. The report that was due by October 25, 2004 contains the 
required information for the 2001 calendar year. Interested persons may 
obtain a copy of individual insurer reports for CY 2001 by contacting 
the U.S. Department of Transportation, Docket Management, Room PL-401, 
400 Seventh Street, SW., Washington, DC 20590. Docket hours are from 10 
a.m. to 5 p.m. Requests should refer to Docket No. 2004-17217.
    The annual insurer reports provided under section 33112 are 
intended to aid in implementing the Theft Act and fulfilling the 
Department's requirements to report to the public the results of the 
insurer reports. The first annual insurer report, referred to as the 
Section 612 Report on Motor Vehicle Theft, was prepared by the agency 
and issued in December 1987. The report included theft and recovery 
data by vehicle type, make, line, and model which were tabulated by 
insurance companies and, rental and leasing companies. Comprehensive 
premium information for each of the reporting insurance companies was 
also included. This report, the seventeenth, discloses the same subject 
information and follows the same reporting format.

    Issued on: March 30, 2007.
Stephen R. Kratzke,
Associate Administrator for Rulemaking.
 [FR Doc. E7-6517 Filed 4-6-07; 8:45 am]
BILLING CODE 4910-59-P