BE-45 Quarterly Survey of Insurance Transactions by U.S. Insurance Companies with Foreign Persons

ICR 202004-0608-010

OMB: 0608-0066

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Unchanged
Justification for No Material/Nonsubstantive Change
2020-04-02
Supporting Statement B
2018-10-09
Supporting Statement A
2018-10-09
ICR Details
0608-0066 202004-0608-010
Active 201806-0608-001
DOC/EASA BE-45
BE-45 Quarterly Survey of Insurance Transactions by U.S. Insurance Companies with Foreign Persons
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 04/03/2020
Retrieve Notice of Action (NOA) 04/02/2020
  Inventory as of this Action Requested Previously Approved
12/31/2021 12/31/2021 12/31/2021
2,200 0 2,200
18,680 0 18,680
0 0 0

This survey will be used in monitoring U.S. international insurance transactions, analyzing their impact on the U.S. and foreign economies, compiling the international transactions, national income and product, and input-output accounts of the United States, supporting U.S. international trade policy on insurance services, assessing U.S. competitiveness in international trade in services, and improving the ability of U.S. businesses to identify and evaluate market opportunities. Respondents will be U.S. insurance companies that do business internationally.

PL: Pub.L. 94 - 472 22 U.S.C. 3101 - 3108 Name of Law: International Investment and Trade in Services Survey Act
  
None

Not associated with rulemaking

  83 FR 31366 07/05/2018
83 FR 48414 09/25/2018
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 2,200 2,200 0 0 0 0
Annual Time Burden (Hours) 18,680 18,680 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The agency estimate of the average time to complete the survey with data has been increased from 8 to 9 hours as a result of the proposal to make it mandatory for respondents to report on the survey’s Schedule B each quarter (see A.1. for additional information on changes and estimated impact on burden), and from an overall increase (from 500 to 550) in the estimated number of respondents meeting the (unchanged) mandatory requirements for filing on a quarterly basis.

$375,000
Yes Part B of Supporting Statement
    No
    No
No
No
No
Uncollected
Christopher Stein 202 606-9850

  No

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.
04/02/2020


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