2015-09255. Agency Information Collection Activities: Submission for OMB Review; Comment Request; Write Your Own (WYO) Company Participation Criteria; New Applicant

AGENCY:

Federal Emergency Management Agency, DHS.

ACTION:

Notice.

SUMMARY:

The Federal Emergency Management Agency (FEMA) will submit the information collection abstracted below to the Office of Management and Budget for review and clearance in accordance with the requirements of the Paperwork Reduction Act of 1995. The submission will describe the nature of the information collection, the categories of respondents, the estimated burden (i.e., the time, effort and resources used by respondents to respond) and cost, and the actual data collection instruments FEMA will use.

DATES:

Comments must be submitted on or before May 21, 2015.

ADDRESSES:

Submit written comments on the proposed information collection to the Office of Information and Regulatory Affairs, Office of Management and Budget. Comments should be addressed to the Desk Officer for the Department of Homeland Security, Federal Emergency Management Agency, and sent via electronic mail to [e-mail] or faxed to [phone].

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or copies of the information collection should be made to Director, Records Management Division, 500 C Street, SW., Washington, DC 20472-3100, facsimile number [phone], or email address [e-mail].

SUPPLEMENTARY INFORMATION:

Changes Since Publication of the 60 Day Federal Register Notice: The abstract has been updated to remove a reference public risk sharing organization because the authority for allowing such entities to enter the WYO program has sunsetted. The abstract has also been revised for clarity. The burden hours have been updated to reflect the one-time test of the insurance company's ability to use the NFIP Transaction Record Reporting and Processing Plan (TRRP) System.

Collection of Information

Title: Write Your Own (WYO) Company Participation Criteria; New Applicant.

Type of information collection: Extension, without change, of a currently approved information collection.

OMB Number: 1660-0038.

Form Titles and Numbers: None.

Abstract: New insurance companies that seek to participate in the WYO program, as well as former WYO companies seeking to return, must meet standards for WYO Financial Control Plan (approved under OMB Control# 1660-0020). Private Insurance Companies wishing to enter or reenter the WYO program must demonstrate the ability to meet the requirements laid out in 44 CFR 62.24. The information allows FEMA to determine the applicant's capability of meeting program goals for, among other things, the marketing and administering of National Flood Insurance Program (NFIP) flood insurance policies, and to meet the financial control and reporting requirements of the NFIP.

Affected Public: Business of other for-profit.

Estimated Number of Respondents: 5.

Estimated Total Annual Burden Hours: 45 hours.

Estimated Cost: The estimated annual cost to respondents for the hour burden is $2,892.60. There are no annual costs to respondents' operations and maintenance costs for technical services. There are no annual start-up or capital costs. The cost to the Federal Government is $5,409.18.

Dated: April 13, 2015.

Janice Waller,

Acting Director, Records Management Division, Mission Support, Federal Emergency Management Agency, Department of Homeland Security.