Approved with
the understanding that the Department has obtained the agreement of
the National Association of Insurance Commissioners (NAIC) to add a
schedule to their 1989 data collection from U.S. property and
casualty insurance companies. The NAIC collection will provide the
Department with information necessary to determine whether it is
appropriate to divide property and casualty companies into two
groups for purposes of taxation under Section 842 of the Internal
Revenue Code. You may omit printing the expiration date on this
form. Also, you may continue to use previous versions of this
form.
Inventory as of this Action
Requested
Previously Approved
10/31/1990
10/31/1990
12/31/1989
7,500
0
7,500
1,779,375
0
1,779,375
0
0
0
PROPERTY AND CASUALTY INSURANCE
COMPANIES ARE REQUIRED TO FILE AN ANNUAL RETURN OF INCOME AND PAY
THE TAX DUE. THE DATA IS USED TO INSUR THAT COMPANIES HAVE
CORRECTLY REPORTED INCOME AND PAID THE CORRECT TAX
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.