Agency Information Collection Activity Under OMB Review: Application by Insured Terminally Ill Person for Accelerated Benefit, 29155 [2018-13397]
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Federal Register / Vol. 83, No. 121 / Friday, June 22, 2018 / Notices
recommend value for loan purposes. A
fee appraiser is a qualified person
requested by the Secretary to render an
estimate of the reasonable value of a
property, or of a specified type of
property, within a stated area for the
purpose of justifying the extension of
credit to an eligible veteran (38 CFR
36.4301). The fee appraiser’s estimate of
value is reviewed by a VA staff
appraiser or lender’s staff appraisal
reviewer who uses the data to establish
the VA reasonable value (38 U.S.C.
3710(b)(4), (5), (6) and 3731(f)(1)),
which becomes the maximum loan
guaranty amount an eligible veteran can
obtain.
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
Notice with a 60-day comment period
soliciting comments on this collection
of information was published at 83 FR
08606 on April 25, 2018, page 18131.
Affected Public: Private Sector.
Estimated Annual Burden: 1,000
hours.
Estimated Average Burden per
Respondent: 30 minutes.
Frequency of Response: One time.
Estimated Number of Respondents:
2,000 per year.
By direction of the Secretary.
Cynthia D. Harvey-Pryor,
Department Clearance Officer, Office of
Quality, Privacy and Risk, Department of
Veterans Affairs.
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0618]
Agency Information Collection Activity
Under OMB Review: Application by
Insured Terminally Ill Person for
Accelerated Benefit
Veterans Benefits
Administration, Department of Veterans
Affairs.
daltland on DSKBBV9HB2PROD with NOTICES
17:16 Jun 21, 2018
Jkt 244001
In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration,
Department of Veterans Affairs, will
submit the collection of information
abstracted below to the Office of
Management and Budget (OMB) for
review and comment. The PRA
submission describes the nature of the
information collection and its expected
cost and burden and it includes the
actual data collection instrument.
DATES: Comments must be submitted on
or before July 23, 2018.
ADDRESSES: Submit written comments
on the collection of information through
www.Regulations.gov, or to Office of
Information and Regulatory Affairs,
Office of Management and Budget, Attn:
VA Desk Officer; 725 17th St. NW,
Washington, DC 20503 or sent through
electronic mail to oira_submission@
omb.eop.gov. Please refer to ‘‘OMB
Control No. 2900–0618’’ in any
correspondence.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Cynthia Harvey-Pryor, Enterprise
Records Service (005R1B), Department
of Veterans Affairs, 810 Vermont
Avenue NW, Washington, DC 20420,
(202) 461–5870 or email cynthia.harveypryor@va.gov. Please refer to ‘‘OMB
Control No. 2900–0618’’ in any
correspondence.
Authority: Public Law 104–13; 44 U.S.C.
3501–3521.
BILLING CODE 8320–01–P
VerDate Sep<11>2014
Notice.
SUPPLEMENTARY INFORMATION:
[FR Doc. 2018–13398 Filed 6–21–18; 8:45 am]
AGENCY:
ACTION:
Title: Application by Insured
Terminally Ill Person for Accelerated
Benefit Form SGLI 8284.
OMB Control Number: 2900–0618.
Type of Review: Reinstatement of a
previously approved collection.
Abstract: VA has amended regulations
for the Servicemembers’ Group Life
Insurance (SGLI) and Veterans’ Group
Life Insurance (VGLI) programs to add
accelerated death benefit (Accelerated
Benefit) provisions that permit
terminally ill policyholders access to
PO 00000
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29155
the death benefits of their policies
before they die. Traditionally, an
individual purchases life insurance in
order to safeguard his or her dependents
against major financial loss due to his or
her death. Life insurance serves to
replace the lost income of an insured
and to provide for his or her final
expenses. In recent years, the insurance
industry has recognized the financial
needs of terminally ill policyholders
and has begun offering policies with
accelerated benefit provisions. A recent
statutory amendment (Section 302 of the
Veterans Programs Enhancement Act of
1998, Pub. L. 105–368, 112 Stat. 3315,
3332–3333) added section 1980 to Title
38, United States Code, which extends
an accelerated benefit option to
terminally ill persons insured in the
SGLI and VGLI programs. This form
expired due to high volume of work and
staffing changes.
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
Notice with a 60-day comment period
soliciting comments on this collection
of information was published at 83 FR
56 on March 22, 2018, pages 12653 and
12654.
Affected Public: Individuals and
Households.
Estimated Annual Burden: 40 hours.
Estimated Average Burden per
Respondent: 12 minutes.
Frequency of Response: One time.
Estimated Number of Respondents:
200.
By direction of the Secretary.
Cynthia D. Harvey-Pryor,
Department Clearance Officer, Office of
Privacy, Quality and Risk, Department of
Veterans Affairs.
[FR Doc. 2018–13397 Filed 6–21–18; 8:45 am]
BILLING CODE 8320–01–P
E:\FR\FM\22JNN1.SGM
22JNN1
]]>Agencies
[Federal Register Volume 83, Number 121 (Friday, June 22, 2018)]
[Notices]
[Page 29155]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-13397]
-----------------------------------------------------------------------
DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0618]
Agency Information Collection Activity Under OMB Review:
Application by Insured Terminally Ill Person for Accelerated Benefit
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995,
this notice announces that the Veterans Benefits Administration,
Department of Veterans Affairs, will submit the collection of
information abstracted below to the Office of Management and Budget
(OMB) for review and comment. The PRA submission describes the nature
of the information collection and its expected cost and burden and it
includes the actual data collection instrument.
DATES: Comments must be submitted on or before July 23, 2018.
ADDRESSES: Submit written comments on the collection of information
through www.Regulations.gov, or to Office of Information and Regulatory
Affairs, Office of Management and Budget, Attn: VA Desk Officer; 725
17th St. NW, Washington, DC 20503 or sent through electronic mail to
[email protected]. Please refer to ``OMB Control No. 2900-
0618'' in any correspondence.
FOR FURTHER INFORMATION CONTACT: Cynthia Harvey-Pryor, Enterprise
Records Service (005R1B), Department of Veterans Affairs, 810 Vermont
Avenue NW, Washington, DC 20420, (202) 461-5870 or email
[email protected]. Please refer to ``OMB Control No. 2900-
0618'' in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: Public Law 104-13; 44 U.S.C. 3501-3521.
Title: Application by Insured Terminally Ill Person for Accelerated
Benefit Form SGLI 8284.
OMB Control Number: 2900-0618.
Type of Review: Reinstatement of a previously approved collection.
Abstract: VA has amended regulations for the Servicemembers' Group
Life Insurance (SGLI) and Veterans' Group Life Insurance (VGLI)
programs to add accelerated death benefit (Accelerated Benefit)
provisions that permit terminally ill policyholders access to the death
benefits of their policies before they die. Traditionally, an
individual purchases life insurance in order to safeguard his or her
dependents against major financial loss due to his or her death. Life
insurance serves to replace the lost income of an insured and to
provide for his or her final expenses. In recent years, the insurance
industry has recognized the financial needs of terminally ill
policyholders and has begun offering policies with accelerated benefit
provisions. A recent statutory amendment (Section 302 of the Veterans
Programs Enhancement Act of 1998, Pub. L. 105-368, 112 Stat. 3315,
3332-3333) added section 1980 to Title 38, United States Code, which
extends an accelerated benefit option to terminally ill persons insured
in the SGLI and VGLI programs. This form expired due to high volume of
work and staffing changes.
An agency may not conduct or sponsor, and a person is not required
to respond to a collection of information unless it displays a
currently valid OMB control number. The Federal Register Notice with a
60-day comment period soliciting comments on this collection of
information was published at 83 FR 56 on March 22, 2018, pages 12653
and 12654.
Affected Public: Individuals and Households.
Estimated Annual Burden: 40 hours.
Estimated Average Burden per Respondent: 12 minutes.
Frequency of Response: One time.
Estimated Number of Respondents: 200.
By direction of the Secretary.
Cynthia D. Harvey-Pryor,
Department Clearance Officer, Office of Privacy, Quality and Risk,
Department of Veterans Affairs.
[FR Doc. 2018-13397 Filed 6-21-18; 8:45 am]
BILLING CODE 8320-01-P
