[Federal Register Volume 75, Number 103 (Friday, May 28, 2010)]
[Notices]
[Page 30106]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-12836]
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DEPARTMENT OF THE TREASURY
Terrorism Risk Insurance Program; Litigation Management
Submissions
AGENCY: Departmental Offices.
ACTION: Notice and request for comments.
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SUMMARY: The U.S. Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the Terrorism Risk Insurance Program Office
is seeking comments regarding Litigation Management Submissions.
DATES: Written comments should be received on or before July 27, 2010
to be assured of consideration.
ADDRESSES: Submit comments by e-mail to [email protected] or by
mail (if hard copy, preferably an original and two copies) to:
Terrorism Risk Insurance Program, Public Comment Record, Suite 2100,
Department of the Treasury, 1425 New York Ave., NW., Washington, DC
20220. Because paper mail in the Washington DC area may be subject to
delay, it is recommended that comments be submitted electronically. All
comments should be captioned with ``PRA Comments--Litigation Management
Submissions''. Please include your name, affiliation, address, email
address and telephone number in your comment. Comments will be
available for public inspection by appointment only at the Reading Room
of the Treasury Library. To make appointments, call (202) 622-0990 (not
a toll-free number).
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to: Terrorism Risk Insurance Program Office at (202)
622-6770 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
OMB Number: 1505-0196.
Title: Terrorism Risk Insurance Program--Litigation Management
Submissions.
Form: Treasury TRIP-03.
Abstract: Section 103(a) and 104 of the Terrorism Risk Insurance
Act of 2002 (Pub. L. 107-297) authorize the Department of the Treasury
to administer and implement the temporary Terrorism Risk Insurance
Program established by the Act. Section 107 contains specific
provisions designed to manage litigation arising out of or resulting
from a certified act of terrorism. The Terrorism Risk Insurance
Extension Act of 2005, (Pub. L. 109-144), added section 107(a)(6) to
TRIA, which provides that procedures and requirements established by
the Secretary under 31 CFR 50.82, as in effect on the date of issuance
of that section in final form [July 28, 2004], shall apply to any
Federal cause of action described in section 107(a)(1).
Section 50.82 of the regulations requires insurers to submit to
Treasury for advance approval certain proposed settlements involving an
insured loss, any part of the payment of which the insurer intends to
submit as part of its claim for Federal payment under the Program. The
collection of information in the notice of proposed settlement in
Section 50.83 that insurers must submit to implement the settlement
approval process prescribed by Section 50.82.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit, Federal Government.
Estimated Number of Respondents: 100.
Estimated Annual Time Per Respondent: 12.86 hours.
Estimated Total Annual Burden Hours: 1,286 hours.
Requests for Comments: An agency may not conduct or sponsor, and a
person is not required to respond to, a collection of information
unless the collection of information displays a valid OMB control
number. Comments submitted in response to this notice will be
summarized and/or included in the request for OMB approval. All
comments will become a matter of public record.
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the functions of the agency,
including whether the information shall have practical utility; (b) the
accuracy of the agency's estimate of the burden of the collection of
information; (c) ways to enhance the quality, utility, and clarity of
the information collections; (d) ways to minimize the burden of the
collection of information on respondents, including through the use of
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 provide
information.
Dated: May 18, 2010.
Jeffrey S. Bragg,
Director, Terrorism Risk Insurance Program.
[FR Doc. 2010-12836 Filed 5-27-10; 8:45 am]
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