Prohibited Transaction Class Exempton 92-6: Sale of Individual Life Insurance or Annuity Contracts By a Plan

ICR 200404-1210-001

OMB: 1210-0063

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1210-0063 200404-1210-001
Historical Active 200104-1210-003
DOL/EBSA
Prohibited Transaction Class Exempton 92-6: Sale of Individual Life Insurance or Annuity Contracts By a Plan
Extension without change of a currently approved collection   No
Regular
Approved without change 07/02/2004
Retrieve Notice of Action (NOA) 04/29/2004
Approved without change. The next submission shall report on: (1) progress in promoting electronic transmission of this infor- mation, (2) any barriers to expanding electronic transmission, and (3)how any such barriers will be removed.
  Inventory as of this Action Requested Previously Approved
07/31/2007 07/31/2007 07/31/2004
8,360 0 7,656
1,671 0 1,531
3,000 0 3,000

This class exemption exempts from the prohibited transaction provisions of ERISA, the sale of individual or annuity contracts by a plan to participants, relatives of participants, employers, any of whose employees are covered by the plan, other employee benefit plans, owner-employees, or shareholder-employees, for the cash surrender value of the contracts, provided certain conditions set forth in the exemption are met.

None
None


No

1
IC Title Form No. Form Name
Prohibited Transaction Class Exempton 92-6: Sale of Individual Life Insurance or Annuity Contracts By a Plan

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 8,360 7,656 0 0 704 0
Annual Time Burden (Hours) 1,671 1,531 0 0 140 0
Annual Cost Burden (Dollars) 3,000 3,000 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

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.
04/29/2004


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