Standard Reinsurance Agreement Plan of Operations

ICR 202402-0563-002

OMB: 0563-0069

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2024-07-30
Supplementary Document
2024-07-17
Supplementary Document
2024-07-17
Supplementary Document
2024-07-17
Supplementary Document
2024-07-17
Supplementary Document
2024-07-17
Supplementary Document
2024-07-17
Supplementary Document
2024-07-17
Supplementary Document
2024-07-17
Supplementary Document
2007-05-15
IC Document Collections
IC ID
Document
Title
Status
1632 Modified
ICR Details
0563-0069 202402-0563-002
Received in OIRA 202009-0563-002
USDA/FCIC
Standard Reinsurance Agreement Plan of Operations
Revision of a currently approved collection   No
Regular 07/30/2024
  Requested Previously Approved
36 Months From Approved 07/31/2024
56,598 56,144
197,458 189,000
0 0

The information is required to evaluate the insurer's financial and operational capability to deliver the crop insurance program in accordance with the FCIC Act. There are 13 private insurance companies holding an approved Standard Reinsurance Agreement (SRA).

US Code: 7 USC Chapter 36 Sec. 1508(k) Name of Law: Federal Crop Insurance Act
  
PL: Pub.L. 110 - 234 12001-12034 Name of Law: Food, Conservation, and Energy Act of 2008 - Farm Bill

Not associated with rulemaking

  89 FR 17372 03/11/2024
89 FR 60599 07/26/2024
No

1
IC Title Form No. Form Name
Standard Reinsurance Agreement Business Pandemic Influenza Planning Checklist, Exhibit IIIG1-3, Exhibit IVh2B, Exhibit 1A-C and VA-C, Exhibit IVh1B, Exhibit IIIF1-3, Exhibit IIIH1-3, Exhibit IVh1A Business Pandemic Influenza Planning Checklist ,   Loss Adjust Expense Template ,   SRA and LPRA Escrow Agreement with Bank ,   SRA and LPRA Escrow Agreement with Reinsured Company ,   Plan of Operations Template ,   Agent Compensation Template ,   Total Expense Template ,   Escrow Agreement with Reinsured Company

  Total Request 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 56,598 56,144 0 454 0 0
Annual Time Burden (Hours) 197,458 189,000 0 8,458 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The difference is an increase of 8,458 annual burden hours and 454 annual responses. The reasons for these increases are: (a) the number of loss adjusters increased from 5,500 to 6,000 while the number of companies decreased from 14 to 13.

$0
No
    Yes
    Yes
No
No
No
No
Shannon Persetic 202 720-2516 [email protected]

  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.
07/30/2024


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