FI-3-91 (TD 8456 - Final) Capitalization of Certain Policy Acquisition Expenses

ICR 201311-1545-011

OMB: 1545-1287

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2010-08-31
Supporting Statement A
2013-11-22
IC Document Collections
ICR Details
1545-1287 201311-1545-011
Historical Active 201008-1545-056
TREAS/IRS ah-1287-011
FI-3-91 (TD 8456 - Final) Capitalization of Certain Policy Acquisition Expenses
Extension without change of a currently approved collection   No
Regular
Approved without change 02/26/2014
Retrieve Notice of Action (NOA) 11/29/2013
  Inventory as of this Action Requested Previously Approved
02/28/2017 36 Months From Approved 02/28/2014
2,070 0 2,070
2,070 0 2,070
0 0 0

Insurance companies that enter into reinsurance agreement must determine the amounts to be capitalized under those agreements consistently. The regulations provide elections to permit companies to shift the burden of capitalization for their mutual benefit.

US Code: 26 USC 848 Name of Law: Capitalization of certain policy acquisition expenses
  
None

Not associated with rulemaking

  78 FR 46692 08/01/2013
78 FR 70412 11/25/2013
No

1
IC Title Form No. Form Name
FI-3-91 (TD 8456 - Final) Capitalization of Certain Policy Acquisition Expenses

  Total Approved 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 2,070 2,070 0 0 0 0
Annual Time Burden (Hours) 2,070 2,070 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Gary Geisler 202 622-3970

  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.
11/29/2013


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