To provide for the availability of policies for flood insurance, policies are marketed and administered through the facilities of licensed insurance agents or brokers in the various States. Applications, general change requests, and cancellations from agents or brokers are forwarded to a direct servicing agent designated as fiscal agent by the Federal Insurance and Mitigation Administration (FIMA), referred to as NFIP Direct. Upon receipt and examination of the application, general change request, cancellation, and required premium, the servicing company issues or updates the appropriate Federal flood insurance policy.
FEMA Form FF-206-FY-21-117 (formerly 086-0-1) (Application) â Incorporates the burden hours formerly associated with temporary FEMA Form 086-0-1/T, which is no longer in use, but its burden hours remain associated with the current form. The burden hours increased by 293 based on the Usability Testing results and correction of errors in the burden estimates (3,812 â 3,519 = 293).
FEMA Form FF-206-FY-21-118 (formerly 086-0-2) (Cancellation) â Incorporates the burden hours formerly associated with temporary FEMA Form 086-0-2/T, which is no longer in use, but its burden hours remain associated with the current form. The burden hours increased by 774 based on the Usability Testing results and correction of errors in the burden estimates (4,645 â 3,871 = 774).
FEMA Form FF-206-FY-21-119 (formerly 086-0-3) (Endorsement) â Replaces the burden hours formerly associated with temporary FEMA Form 086-0-3/T, which is no longer in use, but its burden hours remain associated with the current form. The burden hours decreased by 8,097 based on a combination of the Usability Testing results and a correction of errors in the burden estimates; also, a decrease in the amount of information requested (eliminating duplicate information) resulted in less time to complete the form (43,171 â 48,595 = -5,424).
FEMA Form 086-0-5T (Preferred Risk Policy Application) â This form is no longer in use because FEMA no longer offers the Preferred Risk Policy under the NFIP Risk Rating 2.0: Equity in Action rating methodology. Its removal from this collection reduces burden by 6,211 hours. The number of submitted forms decreased from 37,259 to 0. The number of burden hours has decreased from 6,211 to 0.
In summation, a reduction of 10,568 (-6,211 + -4,357) burden hours has been recognized and included as an update to the collection.
FEMA Forms FF-206-FY-21-117 (formerly 086-0-1) (Application) - Replaces the burden cost formerly associated with FEMA Form 086-0-1/T. The increase in the annual cost burden is due to the increase in the wage rate. The cost burden has increased from $132,138 to $154,805.
FF-206-FY-21-118 (formerly 086-0-2) (Cancellation) - Replaces the burden cost formerly associated with FEMA Form 086-0-2/T. The increase in the annual cost burden is due to the increase in the wage rate. The cost burden has increased from $145,356 to $188,633.
FF-206-FY-21-119 (formerly 086-0-3) (Endorsement) - Replaces the burden cost formerly associated with FEMA Form 086-0-3/T. The cost burden has decreased from $1,824,742 to $1,753,174.
FEMA Form 086-0-5T Preferred Risk Policy and Newly Mapped Application âThe decrease in the annual cost burden is due to the removal of this form from the information collection because the Preferred Risk Policy is no longer available and this form is no longer used under the new rating methodology. The cost burden has decreased from $2,233,223 to $0.
In summation, a reduction of $2,238,847 (-$2,233,223 + -$5,624) has been recognized and included as an update to the collection.
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.