Schedule of Excess Risks

Forms and Documents

Document	Type	Status	Availability
Form FS Form 285-A Schedule of Excess Risks - New Application	Form and Instruction	Unchanged	Available
Form FS Form 285-A Schedule of Excess Risks - Renewals	Form and Instruction	Unchanged	Available
1530-0062_supporting_statement_2024.docx	Supporting Statement A	Uploaded 2024-11-15	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
249590	Schedule of Excess Risks - New Application	Form and Instruction	Unchanged
15363	Schedule of Excess Risks - Renewals	Form and Instruction	Unchanged

ICR Details

OMB Control No: 1530-0062	ICR Reference No: 202411-1530-002
Status: Received in OIRA	Previous ICR Reference No: 202108-1530-001
Agency/Subagency: TREAS/FISCAL	Agency Tracking No:
Title: Schedule of Excess Risks
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/02/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	12/31/2024
Responses	1,072	1,072
Time Burden (Hours)	5,660	5,660
Cost Burden (Dollars)	0	0

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Abstract: The information contained in the Schedule of Excess Risks, FS 285-A (Schedule), is collected pursuant to 31 CFR, Part 223.14 and Instruction VII of Treasury’s “Annual Letter to Executive Officers of Surety Companies” by the Surety Bond Branch (SBB). The Schedule provides a listing of risks, either written or assumed, that exceed a company’s underwriting limitation as established by the Treasury (for companies holding Certificates of Authority from Treasury) or in excess of 10 percent of that company’s Policyholders’ surplus (for companies applying for certification). Treasury has been mandated at 31 USC, Sections 9304 - 9308, to ensure that companies so certified by Treasury are solvent and able to carry out their contracts. The information contained in this Schedule assists in this analysis.

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Authorizing Statute(s): US Code: 31 USC 9304 - 9308
  

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 58467	07/18/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 95357	12/02/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Schedule of Excess Risks - New Application	FS Form 285-A	Schedule of Excess Risks
Schedule of Excess Risks - Renewals	FS Form 285-A	Schedule of Excess Risks

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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	1,072	1,072	0	0	0	0
Annual Time Burden (Hours)	5,660	5,660	0	0	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: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

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: 12/02/2024

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