Insurers and rental/leasing companies are required annually to provide reports to the Secretary of Transportation. Purpose is to reduce comprehensive insurance premiums charged by insurers of vehicles due to thefts and distribution of stolen parts.
US Code:
49 USC 331
Name of Law: Motor Vehicle and Driver Programs
The decrease in burden hours is due to less manual labor, improved technology and networking to store, retrieve, compile and generate information necessary to complete the report. Additionally, there was a decrease in the number of companies that issued motor vehicle insurance policies written within a State and several rental and leasing companies that have merged into one entity or have been exempted from the reporting requirements since the last reporting period. The agency has re-estimated the burden hours to be 58,186 total annual hours requested in lieu of 63,238 as the current OMB inventory. This is a decrease of 5,052 hours.
$0
No
No
Uncollected
Uncollected
No
Uncollected
Carlita Ballard 2023665222
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.