Standard Reinsurance Agreement Plan of Operations

OMB Control No: 0563-0069	ICR Reference No: 202009-0563-002
Status: Received in OIRA	Previous ICR Reference No: 201711-0563-001
Agency/Subagency: USDA/FCIC	Agency Tracking No:
Title: Standard Reinsurance Agreement Plan of Operations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 03/15/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	03/31/2021
Responses	56,144	50,736
Time Burden (Hours)	189,000	171,500
Cost Burden (Dollars)	0	0

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Abstract: The information is required to evaluate the insurer's financial and operational capability to deliver the crop insurance program in accordance with the FCIC Act. There are 19 private insurance companies holding an approved Standard Reinsurance Agreement (SRA).

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Authorizing Statute(s): US Code: 7 USC Chapter 36 Sec. 1508(k) Name of Law: Federal Crop Insurance Act

Citations for New Statutory Requirements: PL: Pub.L. 110 - 234 12001-12034 Name of Law: Food, Conservation, and Energy Act of 2008 - Farm Bill

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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 79990	12/11/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 14069	03/12/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title Form No. Form Name Standard Reinsurance Agreement N/A, N/A, N/A, N/A, N/A, N/A, N/A, N/A Exhibit III.f.1-3Agent Comp Template ,   Exhibit V.b: Estimated Premium Template ,   Business Pandemic Influenza Checklist - Appendix II ,   Exhibit V.c: Commercial Fund Template ,   Exhibit IV.h.2: Escrow Agreement with Bank ,   Exhibit III.g.1-3: Loss Adjustment Expense Template ,   Exhibit IV.h.1: Escrow Agreement with Reinsured Company ,   Exhibit III.h.1-3: Total Expense

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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	56,144	50,736	0	5,408	0	0
Annual Time Burden (Hours)	189,000	171,500	0	17,500	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: No

Burden Reduction Due to:

Short Statement: Even though the number of companies decreased from 16 to 14, there was an increase in annual burden hours of 17,500 and 5,408 annual responses which was due to an increase in the number of agent, loss adjusters and employees which increased from 20,000 to 22,000.

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Annual Cost to Federal Government: $0

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.     Yes

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

Agency Contact: Shannon Persetic 202 720-2516 [email protected]

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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: 03/15/2021

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