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Federal Register / Vol. 85, No. 133 / Friday, July 10, 2020 / Notices
approximately 82 hours will be required
on average to collect, process, and
report the data for each non-small
insurer; approximately 28 hours will be
required to collect, process, and report
data for each small insurer;
approximately 51 hours will be required
to collect, process, and report data for
each captive insurer; and approximately
51 hours will be required to collect,
process, and report data for each alien
surplus lines insurer.
Assuming this breakdown, and when
applied to the number of reporting
insurers anticipated in light of prior
experience, the estimated annual
burden would be 44,400 hours ((100
non-small insurers × 82 hours) + (200
small insurers × 28 hours) + (550
captive insurers × 51 hours) + (50 alien
surplus lines insurers × 51 hours)). At a
blended, fully loaded hourly rate of
$50.50,8 the cost would be $2,242,200
across the industry as a whole, or $4,141
per each non-small insurer ($50.50 × 82
hours), $1,414 per each small insurer
($50.50 × 28 hours), $2,576 per each
captive insurer ($50.50 × 51 hours), and
$2,576 per each alien surplus lines
insurer ($50.50 × 51 hours).
Steven E. Seitz,
Director, Federal Insurance Office.
[FR Doc. 2020–14943 Filed 7–9–20; 8:45 am]
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the full estimate of an additional 10 hours to
complete the worksheet is weighted accordingly
across the total number of responding insurers.
8 Based on data from the Bureau of Labor
Statistics, for Insurance Carriers and Related
Activities, https://www.bls.gov/iag/tgs/iag524.htm.
The average wage rate for all insurance employees
was $37.52 in March 2020, and the total benefit
compensation in the 4th Quarter of 2019 was
34.6%, which is a benefit multiplier of 1.346.
Therefore, a fully-loaded wage rate for insurance
employees is $50.50, or $37.52 × 1.346.
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DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0539]
Agency Information Collection Activity
Under OMB Review: Application for
Supplemental Service-Disabled
Veterans Insurance
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration,
Department of Veterans Affairs, will
submit the collection of information
abstracted below to the Office of
Management and Budget (OMB) for
review and comment. The PRA
submission describes the nature of the
information collection and its expected
cost and burden and it includes the
actual data collection instrument.
DATES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0539.
FOR FURTHER INFORMATION CONTACT:
Danny S. Green, (202) 421–1354 or
email [email protected]. Please
refer to ‘‘OMB Control No. 2900–0539’’
in any correspondence.
SUPPLEMENTARY INFORMATION:
SUMMARY:
PO 00000
Frm 00164
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Authority: Public Law 104–13; 44 U.S.C.
3501–3521.
Title: Application for Supplemental
Service-Disabled Veterans Insurance,
VA Forms 29–0188 and 29–0189.
OMB Control Number: 2900–0539.
Type of Review: Extension of a
currently approved collection.
Abstract: VA Forms 29–0188 and 29–
0189 are used by eligible insureds to
apply for Supplemental ServiceDisabled Veterans Insurance. Collection
of the required information is required
to implement the provisions of Public
Law 102–568 which expanded the
insurance coverage available under 38
U.S.C. Section 1922.
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
Notice with a 60-day comment period
soliciting comments on this collection
of information was published at 85 FR
on March 30, 2020, pages 17620 and
17621.
Affected Public: Individuals and
Households.
Estimated Annual Burden: 3,333
hours.
Estimated Average Burden per
Respondent: 20 minutes.
Frequency of Response: On Occasion.
Estimated Number of Respondents:
10,000.
By direction of the Secretary.
Danny S. Green,
VA Clearance Officer, Office of Quality,
Performance and Risk, Department of
Veterans Affairs.
[FR Doc. 2020–14821 Filed 7–9–20; 8:45 am]
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File Modified | 2020-07-10 |
File Created | 2020-07-10 |