Terrorism Risk Insurance Program; Program Loss Reporting, 35084-35085 [E7-12313]

Agencies

• DEPARTMENT OF THE TREASURY
• Department of Treasury

[Federal Register Volume 72, Number 122 (Tuesday, June 26, 2007)]
[Notices]
[Pages 35084-35085]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-12313]


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DEPARTMENT OF THE TREASURY


Terrorism Risk Insurance Program; Program Loss Reporting

AGENCY: Departmental Offices, Terrorism Risk Insurance Program Office, 
Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the Terrorism Risk Insurance Program Office 
is seeking comments regarding existing forms and instructions for 
Program Loss Reporting.

DATES: Written comments should be received on or before August 27, 2007 
to be assured of consideration.

ADDRESSES: Submit comments by e-mail to triacomments@do.treas.gov or by 
mail (if hard copy, preferably an original and two copies) to: 
Terrorism Risk Insurance Program, Public Comment Record, Suite 2100, 
Department of the Treasury, 1425 New York Ave., NW., Washington, DC 
20220. Because paper mail in the Washington, DC area may be subject to 
delay, it is recommended that comments be submitted electronically. All 
comments should be captioned with ``Program Loss Reporting--Comments.'' 
Please include your name, affiliation, address, e-mail address, and 
telephone number in your comment. Comments will be available for public 
inspection by appointment only at the Reading Room of the Treasury 
Library. To make appointments, call (202) 622-0990 (not a toll-free 
number).

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to: Terrorism Risk Insurance Program Office at (202) 
622-6770 (not a toll-free number).

SUPPLEMENTARY INFORMATION:
    OMB Number: 1506-0200.
    Title: Terrorism Risk Insurance Program--Program Loss Reporting.
    Form: Treasury TRIP-01 [Initial Notice of Insured Loss] and TRIP 02 
[Certification of Loss] and Supporting Schedules.
    Abstract: Sections 103(a) and 104 of the Terrorism Risk Insurance 
Act of 2002 (Public Law 107-297) authorize the Department of the 
Treasury to administer and implement the

[[Page 35085]]

temporary Terrorism Risk Insurance Program established by the Act. In 
31 CFR part 50, Subpart F (Sec. 50.50-50.55) Treasury established 
requirements and procedures for insurers that file claims for payment 
of the Federal share of compensation for insured losses resulting from 
a certified act of terrorism under the Act. Following a Certified Act 
of Terrorism, insurers would be required to submit an Initial Notice of 
Insured Loss on Form TRIP-01 and Initial and Supplementary 
Certifications of Loss on Form TRIP-02.
    Type of Review: Extension of currently approved collection.
    Affected Public: Business or other for-profit, Federal Government.
    Estimated Number of Respondents: 100.
    Estimated Time per Respondent: 42 hours.
    Estimated Total Annual Burden Hours: 4,200 hours.
    Request for Comments: An agency may not conduct or sponsor, and a 
person is not required to respond to, a collection of information 
unless the collection of information displays a valid OMB control 
number. Comments submitted in response to this notice will be 
summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance and purchase of services to provide information.

    Dated: June 20, 2007.
Jeffrey S. Bragg,
Director, Terrorism Risk Insurance Program.
 [FR Doc. E7-12313 Filed 6-25-07; 8:45 am]
BILLING CODE 4811-42-P