Under the WYO Program, private sector
insurance companies may offer flood insurance to eligible property
owners. The Federal Government is grantor of flood insurance
coverage for WYO Companies, issued under the WYO arrangements. In
order to maintain adequate financial control over Federal funds,
the NFIP requires the WYO Companies to submit a monthly financial
report. The NFIP examines the data to insure that policyholder
funds are accounted for and appropriately expended.
US Code:
44
USC 62.23 Name of Law: Sale of Insurance and Adjustment of
Claims
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.