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OMB Control No: 1505-0257	ICR Reference No: 202502-1505-004
Status: Active	Previous ICR Reference No: 202303-1505-001
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Collection of Data from Property and Casualty Insurers for Reports Concerning the Terrorism Risk Insurance Program
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/08/2025
	Date Received in OIRA: 03/06/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2028	36 Months From Approved	04/30/2025
Responses	1,015	0	1,000
Time Burden (Hours)	51,070	0	51,800
Cost Burden (Dollars)	0	0	0

Abstract: The Terrorism Risk Insurance Act of 2002 (TRIA) created the Terrorism Risk Insurance Program (Program) to address disruptions in the market for terrorism risk insurance, to help ensure the continued availability and affordability of commercial property and casualty insurance for terrorism risk, and to allow for the private markets to stabilize and build insurance capacity to absorb any future losses for terrorism events. The Program has been reauthorized on a number of occasions, most recently in the Terrorism Risk Insurance Program Reauthorization Act of 2019. TRIA requires the Secretary of the Treasury (Secretary) to perform periodic analyses of certain matters concerning the Program. In order to assist the Secretary with this process, TRIA requires insurers to submit on an annual basis certain insurance data and information regarding participation in the Program.

Authorizing Statute(s): PL: Pub.L. 114 - 1 129 Name of Law: Terrorism Risk Insurance Program Reauthorization Act of 2015
   PL: Pub.L. 107 - 297 1161 Name of Law: Terrorism Risk Insurance Act of 2002
   PL: Pub.L. 116 - 94 133 Name of Law: Terrorism Risk Insurance Reauthorization Act of 2019

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 93405	11/26/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 11355	03/05/2025
Did the Agency receive public comments on this ICR? No

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	1,015	1,000	0	15
Annual Time Burden (Hours)	51,070	51,800	-1,630	900
Annual Cost Burden (Dollars)	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Forms

Short Statement: The current figures provided by Treasury incorporate burden estimates changes based upon the number of responding companies (based upon the most recent information from the data calls) and changes in the data collection requirements. Treasury will continue to collect information concerning the burden associated with the data production, and will use such information in evaluating future collection requirements. There is a reduction of 1,630 hours in burden due to agency discretion, resulting from the elimination of the Geographic Exposures Worksheet. This reduction is partially offset by an estimated change in the number of insurers who will be reporting. While there is an estimated decrease in the number of large and small insurers, there is an increase in the number of estimated captive insurers, leading to an overall increase of 15 responses and 900 hours due to updated estimates. Accordingly, the total change in burden for 2025 survey is a decrease of 730 hours. In addition, the utilization of a consolidated data collection approach with state insurance regulators reduces total burdens upon insurers required to report terrorism risk insurance data.

Annual Cost to Federal Government: $473,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Richard Ifft 202 622-2922

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