Federal Register / Vol. 89, No. 228 / Tuesday, November 26, 2024 / Notices 93407 

10See Terrorism Risk Insurance Program 2022 

Data Call, 86 FR 64600, 64603 (November 18, 2021). 

The proportion of insurers completing the various 

worksheets within each category of form today 

remain roughly the same as Treasury calculated in 

2021, leading to no change in the number of hours 

burden estimates for each catetory of insurer. 

11Based on data from the Bureau of Labor 

Statistics, for Insurance Carriers and Related 

Activities, https://www.bls.gov/iag/tgs/iag524.

htm#earnings. The average wage rate for all 

insurance employees was $45.30 in August 2024, 

and the total benefit compensation in the 2nd 

Quarter of 2024 was 34.8%, which is a benefit 

multiplier of 1.533. Therefore, a fully loaded wage 

rate for insurance employees is $69.45, or $45.30 × 

1.533. 

Comments are being sought with 

respect to the collection of information 

in the proposed annual TRIP Data Call. 

Treasury specifically invites comments 

on: (a) Whether the proposed collection 

is responsive to the statutory 

requirement; (b) the accuracy of the 

estimate of the burden of the collections 

of information (see below); (c) ways to 

enhance the quality, utility, and clarity 

of the information collection; (d) ways 

to use 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 maintain the information. 

The information sought by Treasury 

comprises data elements that insurers 

currently collect or generate, although 

not necessarily grouped together the 

way in which insurers currently collect 

and evaluate the data. Based upon 

insurer submissions to the 2024 TRIP 

Data Call, Treasury estimates that for 

purposes of future annual TRIP Data 

Calls, approximately 90 Program 

participants will be required to submit 

the ‘‘Insurer (Non-Small) Groups or 

Companies’’ data collection form, 200 

Program participants will be required to 

submit the ‘‘Small Insurer’’ form, 625 

Program participants will be required to 

submit the ‘‘Captive Insurer’’ form, and 

100 Program participants will be 

required to submit the ‘‘Alien Surplus 

Lines Insurers’’ form. 

Treasury has previously analyzed the 

potential burdens associated with 

completing the annual TRIP Data Call 

forms.10 Treasury expects each set of 

reporting templates to incur a different 

level of burden, based upon the 

different components contained in each 

reporting template and the number of 

insurers within each that will need to 

respond to each worksheet. Based upon 

its prior estimates, Treasury anticipates 

that approximately 90 hours will be 

required on average to collect, process, 

and report the data for each non-small 

insurer. For each small insurer, 

approximately 32 hours will be required 

to collect, process, and report data. 

Approximately 52 hours will be 

required to collect, process, and report 

data for each captive insurer. Finally, 

approximately 57 hours will be required 

to collect, process, and report data for 

each alien surplus lines insurer. 

Assuming this breakdown, and when 

applied to the number of estimated 

reporting insurers, the estimated annual 

burden would be 52,700 hours ((90 nonsmall insurers × 90 hours) + (200 small 

insurers x 32 hours) + (625 captive 

insurers × 52 hours) + (100 alien surplus 

lines insurers × 57 hours)). At a 

blended, fully loaded hourly rate of 

$69.45,11 the cost would be $3,660,015 

across the industry as a whole, or 

$6,250.50 per non-small insurer, 

$2,222.40 per small insurer, $3,611.40 

per each captive insurer, and $3,958.65 

each per alien surplus lines insurer. 

Dated: November 20, 2024. 

Steven E. Seitz, 

Director, Federal Insurance Office. 

[FR Doc. 2024–27640 Filed 11–25–24; 8:45 am] 

BILLING CODE 4810–AK–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

[OMB Control No. 2900–0501] 

Agency Information Collection Activity 

Under OMB Review: Veterans 

Mortgage Life Insurance Inquiry 

AGENCY: Veterans Benefits 

Administration, Department of Veterans 

Affairs. 

ACTION: Notice. 

SUMMARY: In compliance with the 

Paperwork Reduction Act (PRA) of 

1995, this notice announces that the 

Veterans Benefits Administration, 

Department of Veterans Affairs, will 

submit the collection of information 

abstracted below to the Office of 

Management and Budget (OMB) for 

review and comment. The PRA 

submission describes the nature of the 

information collection and its expected 

cost and burden, and it includes the 

actual data collection instrument. 

DATES: Comments and 

recommendations for the proposed 

information collection should be sent by 

December 26, 2024. 

ADDRESSES: To submit comments and 

recommendations for the proposed 

information collection, please type the 

following link into your browser: 

www.reginfo.gov/public/do/PRAMain, 

select ‘‘Currently under Review—Open 

for Public Comments’’, then search the 

list for the information collection by 

Title or ‘‘OMB Control No. 2900–0501.’’ 

FOR FURTHER INFORMATION CONTACT: VA 

PRA information: Maribel Aponte, (202) 

461–8900, vacopaperworkreduact@

va.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Veterans Mortgage Life 

Insurance Inquiry (VA Form 29–0543). 

OMB Control Number: 2900–0501 

https://www.reginfo.gov/public/do/ 

PRASearch. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Abstract: The Veterans Mortgage Life 

Insurance Inquiry solicits information 

needed from Veterans for the proper 

maintenance of Veterans Mortgage Life 

Insurance accounts. The form is 

authorized by 38 U.S.C. 2106 and 

38CFR 8a.3(e). 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to a collection of information 

unless it displays a currently valid OMB 

control number. The Federal Register 

Notice with a 60-day comment period 

soliciting comments on this collection 

of information was published at 89 FR 

72714, September 5, 2024. 

Affected Public: Individuals or 

Households. 

Estimated Annual Burden: 17. 

Estimated Average Burden per 

Respondent: 5 minutes. 

Frequency of Response: On occasion. 

Estimated Number of Respondents: 

200. 

Authority: 44 U.S.C. 3501 et seq. 

Maribel Aponte, 

VA PRA Clearance Officer, Office of 

Enterprise and Integration, Data Governance 

Analytics, Department of Veterans Affairs. 

[FR Doc. 2024–27600 Filed 11–25–24; 8:45 am] 

BILLING CODE 8320–01–P 


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