30-day Frn

Federal Register / Vol. 89, No. 228 / Tuesday, November 26, 2024 / Notices
Comments are being sought with
respect to the collection of information
in the proposed annual TRIP Data Call.
Treasury specifically invites comments
on: (a) Whether the proposed collection
is responsive to the statutory
requirement; (b) the accuracy of the
estimate of the burden of the collections
of information (see below); (c) ways to
enhance the quality, utility, and clarity
of the information collection; (d) ways
to use automated collection techniques
or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to maintain the information.
The information sought by Treasury
comprises data elements that insurers
currently collect or generate, although
not necessarily grouped together the
way in which insurers currently collect
and evaluate the data. Based upon
insurer submissions to the 2024 TRIP
Data Call, Treasury estimates that for
purposes of future annual TRIP Data
Calls, approximately 90 Program
participants will be required to submit
the ‘‘Insurer (Non-Small) Groups or
Companies’’ data collection form, 200
Program participants will be required to
submit the ‘‘Small Insurer’’ form, 625
Program participants will be required to
submit the ‘‘Captive Insurer’’ form, and
100 Program participants will be
required to submit the ‘‘Alien Surplus
Lines Insurers’’ form.
Treasury has previously analyzed the
potential burdens associated with
completing the annual TRIP Data Call
forms.10 Treasury expects each set of
reporting templates to incur a different
level of burden, based upon the
different components contained in each
reporting template and the number of
insurers within each that will need to
respond to each worksheet. Based upon
its prior estimates, Treasury anticipates
that approximately 90 hours will be
required on average to collect, process,
and report the data for each non-small
insurer. For each small insurer,
approximately 32 hours will be required
to collect, process, and report data.
Approximately 52 hours will be

lotter on DSK11XQN23PROD with NOTICES1

10 See Terrorism Risk Insurance Program 2022
Data Call, 86 FR 64600, 64603 (November 18, 2021).
The proportion of insurers completing the various
worksheets within each category of form today
remain roughly the same as Treasury calculated in
2021, leading to no change in the number of hours
burden estimates for each catetory of insurer.

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required to collect, process, and report
data for each captive insurer. Finally,
approximately 57 hours will be required
to collect, process, and report data for
each alien surplus lines insurer.
Assuming this breakdown, and when
applied to the number of estimated
reporting insurers, the estimated annual
burden would be 52,700 hours ((90 nonsmall insurers × 90 hours) + (200 small
insurers x 32 hours) + (625 captive
insurers × 52 hours) + (100 alien surplus
lines insurers × 57 hours)). At a
blended, fully loaded hourly rate of
$69.45,11 the cost would be $3,660,015
across the industry as a whole, or
$6,250.50 per non-small insurer,
$2,222.40 per small insurer, $3,611.40
per each captive insurer, and $3,958.65
each per alien surplus lines insurer.

cost and burden, and it includes the
actual data collection instrument.
DATES: Comments and
recommendations for the proposed
information collection should be sent by
December 26, 2024.
ADDRESSES: To submit comments and
recommendations for the proposed
information collection, please type the
following link into your browser:
www.reginfo.gov/public/do/PRAMain,
select ‘‘Currently under Review—Open
for Public Comments’’, then search the
list for the information collection by
Title or ‘‘OMB Control No. 2900–0501.’’
FOR FURTHER INFORMATION CONTACT: VA
PRA information: Maribel Aponte, (202)
461–8900, vacopaperworkreduact@
va.gov.

Dated: November 20, 2024.
Steven E. Seitz,
Director, Federal Insurance Office.

SUPPLEMENTARY INFORMATION:

[FR Doc. 2024–27640 Filed 11–25–24; 8:45 am]
BILLING CODE 4810–AK–P

DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0501]

Agency Information Collection Activity
Under OMB Review: Veterans
Mortgage Life Insurance Inquiry
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:

In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration,
Department of Veterans Affairs, will
submit the collection of information
abstracted below to the Office of
Management and Budget (OMB) for
review and comment. The PRA
submission describes the nature of the
information collection and its expected

SUMMARY:

11 Based on data from the Bureau of Labor
Statistics, for Insurance Carriers and Related
Activities, https://www.bls.gov/iag/tgs/iag524.
htm#earnings. The average wage rate for all
insurance employees was $45.30 in August 2024,
and the total benefit compensation in the 2nd
Quarter of 2024 was 34.8%, which is a benefit
multiplier of 1.533. Therefore, a fully loaded wage
rate for insurance employees is $69.45, or $45.30 ×
1.533.

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Title: Veterans Mortgage Life
Insurance Inquiry (VA Form 29–0543).
OMB Control Number: 2900–0501
https://www.reginfo.gov/public/do/
PRASearch.
Type of Review: Extension without
change of a currently approved
collection.
Abstract: The Veterans Mortgage Life
Insurance Inquiry solicits information
needed from Veterans for the proper
maintenance of Veterans Mortgage Life
Insurance accounts. The form is
authorized by 38 U.S.C. 2106 and
38CFR 8a.3(e).
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
Notice with a 60-day comment period
soliciting comments on this collection
of information was published at 89 FR
72714, September 5, 2024.
Affected Public: Individuals or
Households.
Estimated Annual Burden: 17.
Estimated Average Burden per
Respondent: 5 minutes.
Frequency of Response: On occasion.
Estimated Number of Respondents:
200.
Authority: 44 U.S.C. 3501 et seq.
Maribel Aponte,
VA PRA Clearance Officer, Office of
Enterprise and Integration, Data Governance
Analytics, Department of Veterans Affairs.
[FR Doc. 2024–27600 Filed 11–25–24; 8:45 am]
BILLING CODE 8320–01–P

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