This collection
is approved based on the additional materials provided by the
Agency.
Inventory as of this Action
Requested
Previously Approved
11/30/2019
36 Months From Approved
400
0
0
100
0
0
0
0
0
RI 76-10 The Federal Employees' Group
Life Insurance (FEGLI) Program allows an insured individual to
transfer ownership, or "assign" the FEGLI coverage, to a third
party. An insured may assign for several reasons; for example, for
financial planning purposes, or to comply with a court order, or to
sell the coverage to a third-party. Unlike a designation of
beneficiary, once an assignment is executed, it is
irrevocable.
US Code:
5 USC
8706 Name of Law: Termination of Insurance; assignment
owership
This was an existing collection
in use without an OMB control number, assignment, Federal
Employees' Group Life Insurance (FEGLI), RI 76-10. The reporting
population changed. The FEGLI program allows an insured individual
to transfer ownership or assign the FEGLI coverage to a third
party. An Insured may assign for several reason; for example, for
financial planning purposes, or to comply with a court order; or to
sell the coverage to a third party. Unlike a designation of
beneficiary once an assignment is executed, it is irrevocable. Form
has been revised to bring it up to date.
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.