[Federal Register Volume 62, Number 92 (Tuesday, May 13, 1997)]
[Notices]
[Page 26348]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-12431]
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DEPARTMENT OF TRANSPORTATION
Maritime Administration
[Docket No. M-034]
Information Collection Available for Public Comments and
Recommendations
ACTION: Notice and request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this
notice announces the Maritime Administration's (MARAD's) intentions to
request extension of approval for three years of a currently approved
information collection.
DATES: Comments should be submitted on or before July 14, 1997.
FOR FURTHER INFORMATION CONTACT: Edmond J. Fitzgerald, Director, Office
of Subsidy and Insurance, MAR-570, Room 8117, 400 Seventh Street, S.W.,
Washington, DC 20590. Telephone 202-366-2400 or fax 202-366-7901.
Copies of this collection can also be obtained from that office.
SUPPLEMENTARY INFORMATION:
Title of Collection: Approval of Underwriters for Marine Hull
Insurance.
Type of Request: Extension of currently approved information
collection.
OMB Control Number: 2133-0517.
Form Number: None.
Expiration Date of Approval: June 30, 1997.
Summary of Collection of Information: Concerns approval of marine
hull underwriters to insure MARAD program vessels. Foreign applicants
will be required to submit financial data upon which MARAD approval
would be based. In certain cases, brokers would be required to certify
that American underwriters were offered opportunity to compete for the
business.
Need and Use of the Information: 46 CFR Part 249, published as a
final rule on June 20, 1988, prescribes regulations for approval of
underwriters for marine hull insurance on vessels built or operated
with subsidy or covered by vessel obligation guarantees issued pursuant
to Title XI of the Merchant Marine Act, 1936, as amended. The
regulations provide for approval of foreign underwriters on the basis
of an assessment of their financial condition, the regulatory regime
under which they operate, and a statement attesting to a lack of
discrimination in their country against U.S. hull insurers. The
regulations also require that American underwriters be given an
opportunity to compete for every placement, thereby necessitating in
some cases certification that such opportunity was offered.
Description of Respondents: Foreign underwriters of marine
insurance and insurance brokers placing marine hull insurance if less
than 50 percent of the placement is made in the American market.
Annual Responses: 82.
Annual Burden: 66 hours.
Comments: Send all comments regarding this information collection
to Joel C. Richard, Department of Transportation, Maritime
Administration, MAR-120, Room 7210, 400 Seventh Street, S.W.,
Washington, DC 20590. Send comments regarding whether this information
collection is necessary for proper performance of the function of the
agency and will have practical utility, accuracy of the burden
estimates, ways to minimize this burden, and ways to enhance quality,
utility, and clarity of the information to be collected.
By Order of the Maritime Administrator.
Dated: May 7, 1997.
Joel C. Richard,
Secretary.
[FR Doc. 97-12431 Filed 5-12-97; 8:45 am]
BILLING CODE 4910-81-P
