Supporting Statement Part B 2018 ACLI Final 5-21

Supporting Statement Part B for Paperwork Reduction Act Submission

AGENCY:

Pension Benefit Guaranty Corporation

TITLE:

Survey of Nonparticipating Single Premium Group Annuity Rates

STATUS:

Request for regular review and extension with modification of currently approved
collection (OMB control number 1212-0030; expires May 31, 2018)

CONTACT: Stephanie Cibinic (326-4400, ext. 6352)

Part B. Collections of Information Employing Statistical Methods
1. Potential respondent universe and any sampling or other respondent selection methods to be
used.
The collection is designed as a census of virtually the entire universe of insurance companies that
provide single premium annuities. The American Council of Life Insurers (ACLI) distributes the
survey forms to insurance companies most, or all, of which are members of the ACLI, and are, or
may be, active in the deferred annuity market or the immediate annuity market. According to the
ACLI, its members account for 98 percent of all annuity considerations,
https://www.acli.com/About-ACLI/Membership. “Annuity considerations” are a payment, or one
of regular periodic payments, that a policyholder makes to an annuity; see
https://www.acli.com/Industry-Facts/Glossary). Because this information collection is a census
of all, or virtually all, of the relevant universe, sampling methods are not employed. ACLI
conducts, as needed, follow-up efforts to encourage responses from insurance companies that do
not initially respond.