Approval of Underwriters for Marine Hull Insurance

Forms and Documents

Document Name	Status
30-day FRN.pdf Supplementary Document	2020-05-27
Supporting Statement 2020.docx Supporting Statement A	2020-05-11
46CFR 249.pdf Supplementary Document	2020-04-30
Checklist Marine Insurance.docx Supplementary Document	2020-04-30
60-day notice.pdf Supplementary Document	2020-04-30

IC Document Collections

IC ID	Document Title	Status
26663	Approval of Underwriters for Marine Hull Insurance	Modified
241651	Approval of Underwriters for Marine Hull Insurance	New

ICR Details

OMB Control No: 2133-0517	ICR Reference No: 202004-2133-001
Status: Received in OIRA	Previous ICR Reference No: 201703-2133-001
Agency/Subagency: DOT/MARAD	Agency Tracking No: 2133-0517
Title: Approval of Underwriters for Marine Hull Insurance
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/22/2020

	Requested	Previously Approved
Expiration Date	36 Months From Approved	01/31/2021
Responses	66	62
Time Burden (Hours)	49	46
Cost Burden (Dollars)	0	0

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Abstract: This collection of information concerns the approval of marine hull underwriters to insure MARAD program vessels. Applicants are required to submit financial data to MARAD's Office of Marine Insurance. The data that is obtained from foreign underwriters would be used by MARAD as the basis for approval or rejection of an application by that foreign underwriter to participate in writing hull insurance on MARAD program vessels. Reports from brokers in some cases would ensure that American underwriters are being given an opportunity to compete for the business.

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Authorizing Statute(s): US Code: 46 USC 537 Name of Law: Loans and Guarantees
  

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:
	85 FR 15028	03/16/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 31851	05/27/2020
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
Approval of Underwriters for Marine Hull Insurance
Approval of Underwriters for Marine Hull 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	66	62	0	4	0	0
Annual Time Burden (Hours)	49	46	0	3	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Since the last OMB approval of this collection, there has been an increase in the number of respondents (hull underwriters) to insure MARAD program vessels. The program office anticipates new applicants (foreign underwriters) to participate in the marine hull insurance program for MARAD’s Title XI. MARAD projects program increases with new vessel loan approvals and new ship construction for the next three-year cycle.

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Annual Cost to Federal Government: $70,241

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: 06/22/2020

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