In order to provide for the availability of policies for flood insurance, policies are marketed through the facilities of licensed insurance agents or brokers in the various States. Applications from agents or brokers are forwarded to FEMA. Upon receipt and examination of the application and required premium, FEMA issues the appropriate Federal flood insurance policy.
FEMA Form 086-0-5 Preferred Risk Application) â The change in burden hours is due a change in the number of forms submitted and an increase in the burden. The number of forms has increased from 1,090 to 3,662; the burden time has increased from 8 minutes (0.133 hours) to 10 minutes (0.167 hours), due to the addition of questions needed to assure proper policy rating and issuance.
Renewal Premium Notice â A correction is being made removing this burden because a Premium Renewal Notice, i.e., a bill for the premium to renew the policy, is not an information collection activity.
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.