Notice of Claim and Proof of Loss, Export Credit Insurance Policy

Forms and Documents

Document Name	Status
Form EIB 10-03 Notice of Claim & Proof of Loss, Export Credit Insurance Policies Form and Instruction	Modified
Paper Claim Forms 7-7-11 rev2.docx Justification for No Material/Nonsubstantive Change	2011-07-12
EIB 10-03 Notice of Claim Proof of Loss STI SUPPORTING STATEMENT 2024.docx Supporting Statement A	2024-09-18

IC Document Collections

IC ID	Document Title	Status
196186	Notice of Claim & Proof of Loss, Export Credit Insurance Policies Form and Instruction	Modified

ICR Details

OMB Control No: 3048-0033	ICR Reference No: 202409-3048-002
Status: Received in OIRA	Previous ICR Reference No: 202108-3048-004
Agency/Subagency: EXIMBANK	Agency Tracking No: EIB 10-03
Title: Notice of Claim and Proof of Loss, Export Credit Insurance Policy
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/18/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2024
Responses	75	300
Time Burden (Hours)	75	225
Cost Burden (Dollars)	0	0

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Abstract: Ex-Im Bank insures receivables for exporters selling to creditworthy buyers of U.S. goods and services in order to help U.S. exporters compete against suppliers in other countries offering officially supported export credits and fill gaps in the availability of private export financing. The insurance policies cover the repayment risks on the foreign buyer's debt obligations. Ex-Im Bank guarantees that, in the event of a payment default by the borrower, it will repay the exporter the outstanding amount, with interest. By neutralizing the effect of export credit support offered by foreign governments and by absorbing credit risks that the private sector will not accept, Ex-Im Bank enables U.S. exporters to compete fairly in foreign markets on the basis of price and product. Under the Working Capital Guarantee Program, Ex-Im Bank provides repayment guarantees to lenders on secured, short-term working capital loans made to qualified exporters. The guarantee may be approved for a single loan or a revolving line of credit. In the event that a buyer defaults on a transaction insured by Ex-Im Bank the insured exporter or lender may seek payment by the submission of a claim.

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Authorizing Statute(s): US Code: 12 USC 635 Name of Law: Export Import Bank of the United States
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 45886	05/24/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 66720	08/16/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Notice of Claim & Proof of Loss, Export Credit Insurance Policies	EIB 10-03	Notice of Claim and Proof of Loss Short-Term Insurance

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ICR Summary of Burden

	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	75	300	0	-225	0	0
Annual Time Burden (Hours)	75	225	0	-150	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated number of annual respondents have been decreased in accordance with the observed number of respondents in the past three years of use. The time to prepare has increased due to the information that needs to be submitted with this instrument.

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Annual Cost to Federal Government: $3,825

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/18/2024

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