Terrorism Risk Insurance Program Loss Reporting

Forms and Documents

Document	Type	Status	Availability
Form TRIP-02 Terrorism Risk Insurance Program Loss Reporting	Form and Instruction	Modified	Repair queued
Fed Register 60 day Notice RFC.pdf	Supplementary Document	Uploaded 2007-08-28	Available
PRA Supporting Statement- Forms [final].doc	Supporting Statement A	Uploaded 2007-08-28	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
39047	Terrorism Risk Insurance Program Loss Reporting	Form and Instruction	Modified

ICR Details

OMB Control No: 1505-0200	ICR Reference No: 200706-1505-001
Status: Historical Active	Previous ICR Reference No: 200607-1505-003
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Terrorism Risk Insurance Program Loss Reporting
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/20/2007
	Date Received in OIRA: 09/24/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2010	36 Months From Approved	12/31/2007
Responses	100	0	100
Time Burden (Hours)	4,200	0	4,200
Cost Burden (Dollars)	1,100,000	0	1,100,000

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Abstract: Information collection made necessary by the Terrorism Risk Insurance Act of 2002, as amended by the Terrorism Risk Insurance Extension Act of 2005, and by Treasury implementing regulations to pay Federal share to commercial property and casualty insurers for terrorism losses.

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Authorizing Statute(s): PL: Pub.L. 107 - 297 103 and 104 Name of Law: Terrorim Risk Insurance Act of 2002
   PL: Pub.L. 109 - 144 103 and 104 Name of Law: Terrorism Risk Insurance Extension Act of 2005
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 35084	06/26/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 51903	09/11/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Terrorism Risk Insurance Program Loss Reporting	TRIP-01, TRIP-02	Terrorism Risk Insurance Program Certification of Loss (and Schedules A, B and C) ,   Inititial Notice of Insured Loss

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ICR Summary of Burden

	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	100	100	0	0	0	0
Annual Time Burden (Hours)	4,200	4,200	0	0	0	0
Annual Cost Burden (Dollars)	1,100,000	1,100,000	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/24/2007

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