This survey will be used in monitoring
U.S. international insurance transactions, analyzing their impact
on the U.S. and foreign economies, compiling the international
transactions, national income and product, and input-output
accounts of the United States, supporting U.S. international trade
policy on insurance services, assessing U.S. competitiveness in
international trade in services, and improving the ability of U.S.
businesses to identify and evaluate market opportunities.
Respondents will be U.S. insurance companies that do business
internationally.
The agency estimate of the
average time to complete the survey with data has been increased
from 8 to 9 hours as a result of the proposal to make it mandatory
for respondents to report on the survey’s Schedule B each quarter
(see A.1. for additional information on changes and estimated
impact on burden), and from an overall increase (from 500 to 550)
in the estimated number of respondents meeting the (unchanged)
mandatory requirements for filing on a quarterly basis.
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.