Source: https://www.federalregister.gov/documents/2011/04/12/2011-8729/insurer-reporting-requirements-list-of-insurers-required-to-file-reports
Timestamp: 2017-08-19 18:18:04
Document Index: 20106914

Matched Legal Cases: ['art 544', 'art 544', 'art 544', 'art 544', 'art 544', '§\u2009544']

Federal Register :: Insurer Reporting Requirements; List of Insurers; Required To File Reports
Insurer Reporting Requirements; List of Insurers; Required To File Reports
A Proposed Rule by the National Highway Traffic Safety Administration on 04/12/2011
Comments must be submitted not later than June 13, 2011. Insurers listed in the appendices are required to submit reports on or before October 25, 2011.
20298-20301 (4 pages)
Docket No. NHTSA-2011-0016
2127-AK90
https://www.federalregister.gov/d/2011-8729 https://www.federalregister.gov/d/2011-8729
This document proposes to amend appendices to NHTSA regulations on Insurer Reporting Requirements. The appendices list those passenger motor vehicle insurers that are required to file reports on their motor vehicle theft loss experiences. An insurer included in any of these appendices would be required to file three copies of its report for the 2008 calendar year before October 25, 2011. If the passenger motor vehicle insurers remain listed, they must submit reports by each subsequent October 25. We are proposing to add and remove several insurers from relevant appendices.
You may submit comments, identified by DOT Docket No. NHTSA-2011-0016 by any of the following methods:
Pursuant to 49 U.S.C. 33112, Insurer reports and information, NHTSA requires certain passenger motor vehicle insurers to file an annual report with the agency. Each insurer's report includes information about thefts and recoveries of motor vehicles, the rating rules used by the insurer to establish premiums for comprehensive coverage, the actions taken by the insurer to reduce such Start Printed Page 20299premiums, and the actions taken by the insurer to reduce or deter theft. Under the agency's regulation, 49 CFR part 544, the following insurers are subject to the reporting requirements:
Appendix A lists insurers that must report because each had 1 percent of the motor vehicle insurance premiums on a national basis. The list was last amended in a final rule published on September 3, 2010 (75 FR 54041). Based on the 2008 calendar year data market shares from A. M. Best, NHTSA proposes to remove California State Auto Group and Safeco Insurance Group from Appendix A.
Each of the 17 insurers listed in Appendix A are required to file a report before October 25, 2011, setting forth the information required by Part 544 for each State in which it did business in the 2008 calendar year. As long as these 17 insurers remain listed, they will be required to submit reports by each subsequent October 25 for the calendar year ending slightly less than 3 years before.
Appendix B lists insurers required to report for particular States for calendar year 2008, because each insurer had a 10 percent or greater market share of motor vehicle premiums in those States. Based on the 2008 calendar year data for market shares from A.M. Best, we propose to remove Balboa Insurance Group of South Dakota from Appendix B.
The eight remaining insurers listed in Appendix B are required to report on their calendar year 2008 activities in every State where they had a 10 percent or greater market share. These reports must be filed by October 25, 2011, and set forth the information required by Part 544. As long as these eight insurers remain listed, they would be required to submit reports on or before each subsequent October 25 for the calendar year ending slightly less than 3 years before.
Appendix C lists rental and leasing companies required to file reports. NHTSA proposes to make no change to Appendix C.
Each of the remaining five companies (including franchisees and licensees) Start Printed Page 20300listed in Appendix C are required to file reports for calendar year 2008 no later than October 25, 2011, and set forth the information required by Part 544. As long as those five companies remain listed, they would be required to submit reports before each subsequent October 25 for the calendar year ending slightly less than 3 years before.
NHTSA does not believe that this proposed rule, reflecting current data, affects the impacts described in the final regulatory evaluation prepared for the final rule establishing Part 544 (52 FR 59; January 2, 1987). Accordingly, a separate regulatory evaluation has not been prepared for this rulemaking action. The cost estimates in the 1987 final regulatory evaluation should be adjusted for inflation, using the Bureau of Labor Statistics Consumer Price Index for 2011 (see http://www.bls.gov/​cpi). The agency estimates that the cost of compliance is $50,000 (1987 dollars) for any insurer added to Appendix A, $20,000 (1987 dollars) for any insurer added to Appendix B, and $5,770 (1987 dollars) for any insurer added to Appendix C. If this proposed rule is made final, for Appendix A, the agency would propose to remove two companies; for Appendix B, the agency would propose to remove one company; and for Appendix C, the agency would propose to make no change. The agency estimates that the net effect of this proposal, if made final, would be a cost decrease of approximately $120,000 (1987 dollars) to insurers as a group.
The information collection requirements in this proposed rule were submitted to the Office of Management and Budget (OMB) pursuant to the requirements of the Paperwork Reduction Act (44 U.S.C. 3501 et seq.). This collection of information is assigned OMB Control Number 2127-0547 (“Insurer Reporting Requirements”). This collection of information is approved for use through April 30, 2012 and the agency will seek to extend the approval afterwards. The existing information collection indicates that the number of respondents for this collection is thirty, however, the actual number of respondents fluctuates from year to year. Therefore, because the number of respondents required to report for this final rule does not exceed the number of respondents indicated in the existing information collection, the agency does not believe that an amendment to the existing information collection is necessary.
The Department of Transportation assigns a regulation identifier number (RIN) to each regulatory action listed in the Unified Agenda of Federal Regulations. The Regulatory Information Service Center publishes the Unified Agenda in April and October of each year. You may use the RIN contained in the heading, at the beginning of this document to find this action in the Unified Agenda.
In developing our rules, NHTSA tries to address the concerns of all our Start Printed Page 20301stakeholders. Your comments will help us improve this rule. We invite you to provide views on our proposal, new data, a discussion of the effects of this proposal on you, or other relevant information. We welcome your views on all aspects of this proposed rule. Your comments will be most effective if you follow the suggestions below:
(a) Each insurer to which this part applies shall submit a report annually before October 25, beginning on October 25, 1986. This report shall contain the information required by § 544.6 of this part for the calendar year 3 years previous to the year in which the report is filed (e.g., the report due by October 25, 2011, will contain the required information for the 2008 calendar year).
Avis Budget Group (subsidiary of Cendant)
Enterprise Holding Inc./Enterprise Rent-A-Car Company
[FR Doc. 2011-8729 Filed 4-11-11; 8:45 am]