| Number of concept proposals = |
15 |
|
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (1 positions/entity) |
15 |
2 |
30 |
| Time to Prepare the Concept Proposal |
15 |
30 |
450 |
| TOTAL HOURS |
|
|
480 |
|
|
|
|
|
|
|
|
| Of the 15 concept proposals 60% will prepare submissions 36*0.60= 9 |
|
|
|
| Number of submissions with prior concept proposals = |
|
9 |
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (2 positions/entity) |
18 |
2 |
36 |
| Time to Prepare the Submission |
9 |
1380 |
12420 |
| Time Spent Modifying submission prior to Board Approval |
9 |
940 |
8460 |
| Time to prepare correspondence between Board & Applicant |
9 |
8 |
72 |
| Preparation & Presentation to the Board |
9 |
35 |
315 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
9 |
850 |
7650 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
9 |
10 |
90 |
| Maintenance of approved products that do not require Board action |
9 |
190 |
1710 |
| TOTAL HOURS |
|
|
30753 |
|
|
|
|
|
|
|
|
| Number of submissions without prior concept proposals = |
|
24 |
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (3 positions/entity) |
72 |
2 |
144 |
| Time to Prepare the Submission |
24 |
1380 |
33120 |
| Time Spent Modifying submission prior to Board Approval |
24 |
940 |
22560 |
| Time to prepare correspondence between Board & Applicant |
24 |
8 |
192 |
| Preparation & Presentation to the Board |
24 |
35 |
840 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
24 |
850 |
20400 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
24 |
10 |
240 |
| Maintenance of approved products that do not require Board action |
24 |
190 |
4560 |
| TOTAL HOURS |
|
|
82056 |
|
|
|
|
|
|
|
|
| Number of index-based weather insurance products = |
|
2 |
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (2 positions/entity) |
4 |
2 |
8 |
| Time to Prepare the Submission |
2 |
240 |
480 |
| Time to prepare correspondence between Board & Applicant |
2 |
7 |
14 |
| Preparation & Presentation to the Board |
2 |
20 |
40 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
2 |
35 |
70 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
2 |
10 |
20 |
| TOTAL HOURS |
|
|
632 |
| Description |
Affected Entities |
Total Hours |
| Read Document |
109 |
218 |
| Time to Prepare the Concept Proposal |
15 |
450 |
| Time to Prepare the Submission |
35 |
46020 |
| Time Spent Modifying submission prior to Board Approval |
33 |
31020 |
| Time to prepare correspondence between Board & Applicant |
35 |
278 |
| Preparation & Presentation to the Board |
35 |
1195 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
35 |
28120 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
35 |
350 |
| Maintenance of approved products that do not require Board action |
33 |
6270 |
| TOTAL HOURS |
|
113921 |