Subpart V Costs

Subpart V costs 8-26-2020.xlsx

General Administrative Regulations; Subpart V-Submission of Policies, Provisions of Policies, and Rates of Premium

Subpart V Costs

OMB: 0563-0064

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Overview

Totals
508(h) wo CP
508(h) w CP
CP
IBWIP
NRS
Private and Federal Occupations


Sheet 1: Totals

Totals for Submissions WITHOUT Prior Concept Proposal

Costs One Product 10 Products
Total Private $643,512.51 $6,435,125.10
Total RMA $113,321.98 $1,133,219.79
Total External Review $150,000.00 $1,500,000.00



Totals for Submissions WITH Prior Concept Proposal

Costs One Product 3 Products
Total Private $642,958.05 $1,928,874.15
Total RMA $113,321.98 $339,965.94
Total External Review $150,000.00 $450,000.00



Totals for Concept Proposals

Costs One Product 5 Products
Total Private $6,893.16 $34,465.80
Total RMA $48.09 $240.45
Total External Review $30,000.00 $150,000.00



Totals for Index-Based Weather Insurance Products

Costs One Product 0 Products
Total Private $43,953.12 $0.00
Total RMA $56,957.52 $0.00
Total External Review $150,000.00 $0.00



Totals for Non-Reinsured Supplementals

Costs One Product 30 Products
Total Private $156.68 $554.46
Total RMA $72.14 $2,164.05



Overall Total Private $8,399,019.51
Overall Total RMA & External Review $3,575,590.23







Sheet 2: 508(h) wo CP

Costs for Submission of 508(h) Products WITHOUT Prior Concept Proposal


































Total Submissions WITHOUT Prior Concept Proposal



10















































Costs
One Product 10 Products













Total Private
$643,512.51 $6,435,125.10













Total RMA
$113,321.98 $1,133,219.79













Total External Review
$150,000.00 $1,500,000.00













Total for 3 Years

$9,068,344.89

















































Private Occupations 2xBLS rate + benefits read hours wage*hrs first time hours wage*hrs modification hours wage*hrs correspond hours wage*hrs prep hours wage*hrs respond hours wage*hrs negotiate hours wage*hrs maintenance hours wage*hrs
Market Managers $277.23 2 $554.46 40 $11,089.20
$0.00
$0.00 5 $1,386.15
$0.00
$0.00
$0.00
Computer and Information Systems Managers $277.23
$0.00 40 $11,089.20
$0.00
$0.00 5 $1,386.15 40 $11,089.20
$0.00 10 $2,772.30
Financial Managers $277.23
$0.00 10 $2,772.30
$0.00
$0.00
$0.00 10 $2,772.30
$0.00
$0.00
Technical Writers $155.12
$0.00 250 $38,780.00 150 $23,268.00
$0.00
$0.00 200 $31,024.00
$0.00
$0.00
Accountants $167.52
$0.00 40 $6,700.80 10 $1,675.20
$0.00
$0.00 20 $3,350.40
$0.00
$0.00
Economists $277.23 2 $554.46 200 $55,446.00 150 $41,584.50
$0.00 10 $2,772.30 160 $44,356.80
$0.00 45 $12,475.35
Computer Programmers $179.52
$0.00 200 $35,904.00 200 $35,904.00
$0.00
$0.00 100 $17,952.00
$0.00 50 $8,976.00
Insurance Underwriters $156.68 2 $313.36 150 $23,502.00 150 $23,502.00
$0.00
$0.00 100 $15,668.00
$0.00 30 $4,700.40
Paralegal and Legal Assistants $122.21
$0.00 40 $4,888.40
$0.00 5 $611.05
$0.00 50 $6,110.50 5 $611.05
$0.00
Market Research Analysts and Marketing Assistants $153.96
$0.00 100 $15,396.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Statisticians $207.19
$0.00 200 $41,438.00 200 $41,438.00
$0.00
$0.00 150 $31,078.50
$0.00 45 $9,323.55
Office Clerks, General $79.41
$0.00 110 $8,735.10 80 $6,352.80 3 $238.23 15 $1,191.15 20 $1,588.20 5 $397.05 10 $794.10
Totals
6 $1,422.28 1380 $255,741.00 940 $173,724.50 8 $849.28 35 $6,735.75 850 $164,989.90 10 $1,008.10 190 $39,041.70




































Federal occupations Rate @ step 4 first time # emp hours Total Hrs cost modification # emp hours Total Hrs cost procedure # emp hours Total Hrs cost



Directors - Grade 15 $66.84 3 25 75 $5,013.00 3 25 75 $5,013.00 3 25 75 $5,013.00



Economists - Grade 13 $48.09 2 40 80 $3,847.20 2 40 80 $3,847.20 2 40 80 $3,847.20



Insurance Specialists - Grade 13 $48.09 8 40 320 $15,388.80 8 40 320 $15,388.80 8 40 320 $15,388.80



Branch Chiefs - Grade 14 $56.82 1 20 20 $1,136.40 1 20 20 $1,136.40 1 20 20 $1,136.40



Underwriters - Grade 15 $66.84 1 25 25 $1,671.00 1 25 25 $1,671.00 1 25 25 $1,671.00



Actuaries - SL/ST System $78.98 1 25 25 $1,974.39 1 25 25 $1,974.39 1 25 25 $1,974.39



Lawyers - Step 14 $56.82 1 40 40 $2,272.80 1 40 40 $2,272.80 1 40 40 $2,272.80



Computer Programmers - Grade 12 $40.44 2 80 160 $6,470.40 2 80 160 $6,470.40 2 80 160 $6,470.40



Totals Total 19
745 $37,773.99 19
745 $37,773.99 19
745 $37,773.99






































External Reviewers $150,000/review






























Total hrs/yr hrs x 10 products Total $/product $ x 10 products












Private occupations 3419 34190 $643,512.51 $6,435,125.10












Federal occupations 2235 22350 $113,321.98 $1,133,219.79












External Reviewers

$150,000.00 $1,500,000.00












Total


$9,068,344.89































Sheet 3: 508(h) w CP

Costs for Submission of 508(h) Products WITH Prior Concept Proposal


































Total Submissions WITH Prior Concept Proposal



3





























Costs
One Product 3 Products













Total Private
$642,958.05 $1,928,874.15













Total RMA
$113,321.98 $339,965.94













Total External Review
$150,000.00 $450,000.00













Total for 3 Years

$2,718,840.09































Private occupations 2xBLS rate + benefits read hours wage*hrs first time hours wage*hrs modification hours wage*hrs correspond hours wage*hrs prep hours wage*hrs respond hours wage*hrs negotiate hours wage*hrs maintenance hours wage*hrs
Market Managers $277.23 2 $554.46 40 $11,089.20
$0.00
$0.00 5 $1,386.15
$0.00
$0.00
$0.00
Computer and Information Systems Managers $277.23
$0.00 40 $11,089.20
$0.00
$0.00 5 $1,386.15 40 $11,089.20
$0.00 10 $2,772.30
Financial Managers $277.23
$0.00 10 $2,772.30
$0.00
$0.00
$0.00 10 $2,772.30
$0.00
$0.00
Technical Writers $155.12
$0.00 250 $38,780.00 150 $23,268.00
$0.00
$0.00 200 $31,024.00
$0.00
$0.00
Accountants $167.52
$0.00 40 $6,700.80 10 $1,675.20
$0.00
$0.00 20 $3,350.40
$0.00
$0.00
Economists $277.23
$0.00 200 $55,446.00 150 $41,584.50
$0.00 10 $2,772.30 160 $44,356.80
$0.00 45 $12,475.35
Computer Programmers $179.52
$0.00 200 $35,904.00 200 $35,904.00
$0.00
$0.00 100 $17,952.00
$0.00 50 $8,976.00
Insurance Underwriters $156.68 2 $313.36 150 $23,502.00 150 $23,502.00
$0.00
$0.00 100 $15,668.00
$0.00 30 $4,700.40
Paralegal and Legal Assistants $122.21
$0.00 40 $4,888.40
$0.00 5 $611.05
$0.00 50 $6,110.50 5 $611.05
$0.00
Market Research Analysts and Marketing Assistants $153.96
$0.00 100 $15,396.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Statisticians $207.19
$0.00 200 $41,438.00 200 $41,438.00
$0.00
$0.00 150 $31,078.50
$0.00 45 $9,323.55
Office Clerks, General $79.41
$0.00 110 $8,735.10 80 $6,352.80 3 $238.23 15 $1,191.15 20 $1,588.20 5 $397.05 10 $794.10
Totals
4 $867.82 1380 $255,741.00 940 $173,724.50 8 $849.28 35 $6,735.75 850 $164,989.90 10 $1,008.10 190 $39,041.70


















Federal occupations Rate @ step 4 first time # emp hours Total Hrs cost modification # emp hours Total Hrs cost procedure # emp hours Total Hrs cost



Directors - Grade 15 $66.84 3 25 75 $5,013.00 3 25 75 $5,013.00 3 25 75 $5,013.00



Economists - Grade 13 $48.09 2 40 80 $3,847.20 2 40 80 $3,847.20 2 40 80 $3,847.20



Insurance Specialists - Grade 13 $48.09 8 40 320 $15,388.80 8 40 320 $15,388.80 8 40 320 $15,388.80



Branch Chiefs - Grade 14 $56.82 1 20 20 $1,136.40 1 20 20 $1,136.40 1 20 20 $1,136.40



Underwriters - Grade 15 $66.84 1 25 25 $1,671.00 1 25 25 $1,671.00 1 25 25 $1,671.00



Actuaries - SL/ST System $78.98 1 25 25 $1,974.39 1 25 25 $1,974.39 1 25 25 $1,974.39



Lawyers - Step 14 $56.82 1 40 40 $2,272.80 1 40 40 $2,272.80 1 40 40 $2,272.80



Computer Programmers - Grade 12 $40.44 2 80 160 $6,470.40 2 80 160 $6,470.40 2 80 160 $6,470.40



Totals
19
745 $37,773.99 19
745 $37,773.99 19
745 $37,773.99





















External Reviewers $150,000/review






























Total hrs/yr hrs x 3 products Total $/product $ x 3 products












Private occupations 3417 10251 $642,958.05 $1,928,874.15












Federal occupations 2235 6705 $113,321.98 $339,965.94












External Reviewers

$150,000.00 $450,000.00












Total


$2,718,840.09













Sheet 4: CP

Costs for Concept Proposal










Total Concept Proposals

5













Costs One Product 5 Products


Total Private $6,893.16 $34,465.80


Total RMA $48.09 $240.45


Total External Review $30,000.00 $150,000.00


Total for 3 years
$184,706.25














Private occupations 2xBLS rate + benefits read hours wage*hrs prep hours wage*hrs
Economists $277.23 2 $554.46 20 $5,544.60
Office Clerks, General $79.41
$0.00 10 $794.10
Totals
2 $554.46 30 $6,338.70












Federal occupations Rate @ step 4 Review for completeness - # emp hours Total Hrs cost
Economists - Grade 13 $48.09 1 1 1 $48.09
Totals
1
1 $48.09











External Reviewers $30,000/review
















Total hrs/yr hrs x 5 products Total $/product $ x 5 products
Private occupations 32 160 $6,893.16 $34,465.80
Federal occupations 1 5 $48.09 $240.45
External Reviewers

$30,000.00 $150,000.00
Total


$184,706.25

Sheet 5: IBWIP

Costs for Submission of Index-Based Weather Insurance Products


























Total Submission of Index-Based Weather Insurance Products =



0





















Costs
One Product 1 Products









Total Private
$43,953.12 $0.00









Total RMA
$56,957.52 $0.00









Total External Review
$150,000.00 $0.00









Total for 3 Years

$0.00























Private occupations 2xBLS rate + benefits read hours wage*hrs first time hours wage*hrs correspon hours wage*hrs prep hours wage*hrs respond hours wage*hrs negotiate hours wage*hrs
Market Managers $277.23 2 $554.46 40 $11,089.20 4 $1,108.92 5 $1,386.15 10 $2,772.30 5 $1,386.15
Insurance Underwriters $156.68 2 $313.36 40 $6,267.20
$0.00
$0.00
$0.00
$0.00
Market Research Analysts and Marketing Assistants $153.96
$0.00 30 $4,618.80
$0.00
$0.00 20 $3,079.20
$0.00
Statisticians $20.94
$0.00 20 $418.80
$0.00
$0.00
$0.00
$0.00
Office Clerks, General $79.41
$0.00 110 $8,735.10 3 $238.23 15 $1,191.15 5 $397.05 5 $397.05
Totals
4 $867.82 240 $31,129.10 7 $1,347.15 20 $2,577.30 35 $6,248.55 10 $1,783.20














Federal occupations Rate @ step 4 first time # emp hours Total Hrs cost modification # emp hours Total Hrs cost procedur # emp hours Total Hrs cost
Directors - Grade 15 $66.84 3 6 18 $1,203.12 3 25 75 $5,013.00 3 25 75 $5,013.00
Economists - Grade 13 $48.09 1 40 40 $1,923.60 2 40 80 $3,847.20 2 40 80 $3,847.20
Insurance Specialists - Grade 13 $48.09 1 40 40 $1,923.60 8 40 320 $15,388.80 8 40 320 $15,388.80
Branch Chiefs - Grade 14 $56.82 1 20 20 $1,136.40 1 20 20 $1,136.40 1 20 20 $1,136.40
Totals
6
118 $6,186.72 14
495 $25,385.40 14
495 $25,385.40



























External Reviewers $150,000/review




































Total hrs/yr hrs x 1 products Total $/product $ x 1 products








Private occupations 316 0 $43,953.12 $0.00








Federal occupations 1108 0 $56,957.52 $0.00








External Reviewers

$150,000.00 $0.00








Total


$0.00









Sheet 6: NRS

Costs for Submission of Non-Reinsured Supplementals










Total Submission of Non-Reinsured Supplementals =



30






Costs
One Product 30 Products

Total Private
$156.68 $4,700.40

Total RMA
$72.14 $2,164.05

Total for 3 Years

$6,864.45







Private Occupations 2xBLS rate + benefits read hours wage*hrs Prepare submission wage*hrs
Insurance Underwriters $156.68 0.5 $78.34 0.5 $78.34
Totals
0.5 $78.34 0.5 $78.34






Federal Occupations Rate @ step 4 first time # emp hours Total Hrs cost
Insurance Specialists - Grade 13 $48.09 1 1.5 1.5 $72.14
Totals
1
1.5 $72.14













Total hrs/yr hrs x 30 products Total $/product $ x 30 products
Private occupations 1 30 $156.68 $4,700.40
Federal occupations 1.5 45 $72.14 $2,164.05
Total


$6,864.45

Sheet 7: Private and Federal Occupations

Private Occupations 2xBLS rate + benefits
Market Managers $277.23
Computer and Information Systems Managers $277.23
Financial Managers $277.23
Technical Writers $155.12
Accountants $167.52
Economists $277.23
Computer Programmers $179.52
Insurance Underwriters $156.68
Paralegal and Legal Assistants $122.21
Market Research Analysts and Marketing Specialists $153.96
Statisticians $207.19
Office Clerks, General $79.41


Federal Occupations Hourly rate @ step 4
Directors - Grade 15 $66.84
Economists - Grade 13 $48.09
Insurance Specialists - Grade 13 $48.09
Branch Chiefs - Grade 14 $56.82
Underwriters - Grade 15 $66.84
Actuaries- SL/ST System $78.98
Lawyers - Step 14 $56.82
Computer Programmers - Grade 12 $40.44


http://www.bls.gov/oes/current/oes_nat.htm
https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2020/RUS_h.pdf
https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2020/SLST.pdf
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