Annual Financial Statements of Surety Companies - Schedule F

ICR 202005-1530-002

OMB: 1530-0008

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supporting Statement A
2020-06-30
IC Document Collections
ICR Details
1530-0008 202005-1530-002
Active 201612-1530-005
TREAS/FISCAL
Annual Financial Statements of Surety Companies - Schedule F
Extension without change of a currently approved collection   No
Regular
Approved without change 09/16/2020
Retrieve Notice of Action (NOA) 06/30/2020
  Inventory as of this Action Requested Previously Approved
09/30/2023 36 Months From Approved 09/30/2020
337 0 328
6,909 0 6,724
0 0 0

The Schedule F provides a listing of Treasury authorized and unauthorized reinsurers for purposes of determining an amount of unauthorized ceded reinsurance that may be offset against a company's net worth in determining the company's treasury underwriting limitations. The collection is to assure that a currently certified company is solvent and able to carry out its contracts.

US Code: 31 USC Sections 9304 - 9308 Name of Law: null
  
None

Not associated with rulemaking

  85 FR 15570 03/18/2020
85 FR 39043 06/29/2020
No

1
IC Title Form No. Form Name
Annual Financial Statements of Surety Companies - Schedule F FS Form 6314 Annual Financial Statement of Surety Companies - Schedule F

  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 337 328 0 0 9 0
Annual Time Burden (Hours) 6,909 6,724 0 0 185 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase from 6,724 hours to 6,909 burden hours is attributed to an adjustment based on an increase in the number of respondents since the prior submission. The estimate for the annualized cost to the Federal government is an increase based on an examination of the hourly rate for the personnel responsible for tasks related to updating and posting the information on the Treasury Schedule F.

$1,320
No
    Yes
    Yes
No
No
No
No
Bruce Sharp 304 480-8112 Bruce.Sharp@bpd.treas.gov

  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.
06/30/2020


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