Submission for OMB Review; Comment Request, 44383 [2014-18058]

Agencies

• DEPARTMENT OF AGRICULTURE

[Federal Register Volume 79, Number 147 (Thursday, July 31, 2014)]
[Notices]
[Page 44383]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-18058]


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Federal Register / Vol. 79, No. 147 / Thursday, July 31, 2014 / 
Notices

[[Page 44383]]



DEPARTMENT OF AGRICULTURE


Submission for OMB Review; Comment Request

July 28, 2014.
    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 
regarding (a) whether the collection of information is necessary for 
the proper performance of the functions of the agency, including 
whether the information will have practical utility; (b) the accuracy 
of the agency's estimate of burden including the validity of the 
methodology and assumptions used; (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 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 should be addressed to: Desk 
Officer for Agriculture, Office of Information and Regulatory Affairs, 
Office of Management and Budget (OMB), OIRA_Submission@omb.eop.gov or 
fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO, 
Mail Stop 7602, Washington, DC 20250-7602.
    Comments regarding these information collections are best assured 
of having their full effect if received within September 2, 2014. 
Copies of the submission(s) may be obtained by calling (202) 720-8681.
    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) amends the procedures for the submission of policies, plans of 
insurance, or other rates or premium by insurance companies, entities 
or other persons. Public Law 96-365 provided for nationwide expansion 
of a comprehensive crop insurance program. The Federal Crop Insurance 
Act, as amended, expanded the role of the crop insurance to be the 
principal tool for risk management by producers of farm products and 
required that the crop insurance program operate on an actuarially 
sound basis. It provides for independent reviews of insurance products 
by persons experienced as actuaries and in underwriting. The Act was 
further amended in 2008 to provide the opportunity for the submission 
of a concept proposal to the FCIC Board of Directors (Board) for 
approval for advance payment of estimated research and development 
expenses.
    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: 288.
    Frequency of Responses: Recordkeeping: Reporting; Other.
    Total Burden Hours: 113,921.

Risk Management Agency

    Title: Standard Reinsurance Agreement.
    OMB Control Number: 0563-0069.
    Summary of Collection: The Federal Crop Insurance Act, Title 7 
U.S.C. Chapter 36 Sec. 1508(k), authorizes the Federal Crop Insurance 
Corporation (FCIC) to provide reinsurance to approved insurance 
providers that insure producers of any agricultural commodity under one 
or more plans acceptable to FCIC. The Standard Reinsurance Agreement 
(SRA) is a financial agreement between FCIC and the company to provide 
subsidy and reinsurance on eligible crop insurance. The SRA includes 
Regulatory Duties and Responsibilities, Plan of Operations, Policy 
Acceptance and Storage System and Quality Assurance and Program 
Integrity.
    Need and Use of the Information: The Plan of Operations provides 
the information the insurer is required to file for the initial and 
each subsequent reinsurance year. FCIC uses the information as a basis 
for the approval of the insurer's financial and operational capability 
of delivering the crop insurance program and for evaluating the 
insurer's performance regarding implementation of procedures for 
training and quality control. If the information were not collected, 
FCIC would not be able to reinsure the crop business.
    Description of Respondents: Business or other for-profit; Farms.
    Number of Respondents: 20,019.
    Frequency of Responses: Reporting: Annually.
    Total Burden Hours: 173,200.

Charlene Parker,
Departmental Information Clearance Officer.
[FR Doc. 2014-18058 Filed 7-30-14; 8:45 am]
BILLING CODE 3410-08-P