| Number of concept proposals = |
5 |
|
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (1 positions/entity) |
5 |
2 |
10 |
| Time to Prepare the Concept Proposal |
5 |
30 |
150 |
| TOTAL HOURS |
|
|
160 |
|
|
|
|
|
|
|
|
| Of the 5 concept proposals 60% will prepare submissions 5*0.60= 3 |
|
|
|
| Number of submissions with prior concept proposals = |
|
3 |
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (2 positions/entity) |
6 |
2 |
12 |
| Time to Prepare the Submission |
3 |
1380 |
4140 |
| Time Spent Modifying submission prior to Board Approval |
3 |
940 |
2820 |
| Time to prepare correspondence between Board & Applicant |
3 |
8 |
24 |
| Preparation & Presentation to the Board |
3 |
35 |
105 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
3 |
850 |
2550 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
3 |
10 |
30 |
| Maintenance of approved products that do not require Board action |
3 |
190 |
570 |
| TOTAL HOURS |
|
|
10251 |
|
|
|
|
|
|
|
|
| Number of submissions without prior concept proposals = |
|
10 |
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (3 positions/entity) |
30 |
2 |
60 |
| Time to Prepare the Submission |
10 |
1380 |
13800 |
| Time Spent Modifying submission prior to Board Approval |
10 |
940 |
9400 |
| Time to prepare correspondence between Board & Applicant |
10 |
8 |
80 |
| Preparation & Presentation to the Board |
10 |
35 |
350 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
10 |
850 |
8500 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
10 |
10 |
100 |
| Maintenance of approved products that do not require Board action |
10 |
190 |
1900 |
| TOTAL HOURS |
|
|
34190 |
|
|
|
|
|
|
|
|
| Number of index-based weather insurance products = |
|
1 |
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (2 positions/entity) |
2 |
2 |
4 |
| Time to Prepare the Submission |
1 |
240 |
240 |
| Time to prepare correspondence between Board & Applicant |
1 |
7 |
7 |
| Preparation & Presentation to the Board |
1 |
20 |
20 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
1 |
35 |
35 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
1 |
10 |
10 |
| TOTAL HOURS |
|
|
316 |
|
|
|
|
|
|
|
|
| Number of non-reinsured supplemental products = |
|
30 |
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (1 positions/entity) |
30 |
0.5 |
15 |
| Time to Prepare the Submission |
30 |
0.5 |
15 |
| TOTAL HOURS |
|
|
30 |
| Description |
Affected Entities |
Total Hours |
| Read Document |
73 |
101 |
| Time to Prepare the Concept Proposal |
5 |
150 |
| Time to Prepare the Submission |
44 |
18195 |
| Time Spent Modifying submission prior to Board Approval |
13 |
12220 |
| Time to prepare correspondence between Board & Applicant |
14 |
111 |
| Preparation & Presentation to the Board |
14 |
475 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
14 |
11085 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
14 |
140 |
| Maintenance of approved products that do not require Board action |
13 |
2470 |
| TOTAL HOURS |
|
44947 |