Overview
Title
Agency Information Collection Activities: Requests for Comments; Clearance of a Renewed Approval of Information Collection: Aviation Insurance
Agencies
ELI5 AI
The government wants to hear what people think about their plan to keep asking airlines for information so they can offer special insurance that covers airplane accidents during wars. This helps make sure airlines have the right insurance when they can't get it from regular companies.
Summary AI
The Federal Aviation Administration (FAA) is seeking public comments on its plan to renew the collection of information from air carriers. This information is used to create aviation war risk insurance policies with the FAA, which is essential for carriers when such insurance is not available from commercial sources. Air carriers must submit an initial application and provide updates if their insurance policies change or if they need to add new aircraft to the policy. The FAA uses this data to determine eligibility for insurance and ensure coverage terms are met.
Abstract
In accordance with the Paperwork Reduction Act of 1995, FAA invites public comments about our intention to request the Office of Management and Budget (OMB) approval to renew an information collection. The collection involves obtaining information from air carriers to establish legally binding aviation war risk insurance policies with the FAA. The information to be collected is necessary to determine whether applicants are eligible for insurance and the amount of coverage necessary; populate insurance policies with business information; and meet conditions of coverage required by each insurance policy.
Keywords AI
Sources
AnalysisAI
The Federal Aviation Administration (FAA) is inviting public comments on its proposal to renew the collection of information from air carriers concerning aviation war risk insurance policies. This initiative, in accordance with the Paperwork Reduction Act of 1995, is essential for establishing legally binding insurance agreements needed when commercial insurance options are unavailable or insufficient. Air carriers are required to provide detailed business information, proof of their commercial insurance policies, and details of any aircraft they wish to insure under the FAA's program.
General Summary
The document outlines the FAA's procedure and rationale for collecting information from air carriers to facilitate aviation war risk insurance arrangements. This insurance is critical for air carriers when commercial insurers cannot offer necessary coverage. The FAA's insurance policy is formed based on the data provided, which includes the air carrier's business details and insurance information. Respondents are primarily those who apply for this insurance and those who need to update existing applications.
Significant Issues and Concerns
Several issues arise from the document. Firstly, while the necessity of this information collection is mentioned, the explanation is somewhat brief and might not fully justify the need for public understanding. Secondly, the broad range of the estimated annual burden per respondent, varying from 10 minutes to 4 hours, could seem ambiguous without further elaboration on what activities contribute to this variance. Thirdly, there's no mention of data security measures for the electronic submission of sensitive information, which could raise privacy concerns.
Public Impact
The broader public might see this initiative as part of necessary government oversight, ensuring that air carriers have access to essential insurance coverage that might otherwise be unavailable. However, ensuring clarity and justification for these procedures is crucial for public trust, particularly in terms of how this data is managed and secured.
Impact on Specific Stakeholders
For air carriers, especially those who struggle to find reasonable commercial insurance, this document represents a potentially positive impact by offering them coverage options that enable continued operations and adherence to mission objectives. However, stakeholders might be concerned about the administrative burden, given the varying time estimates provided for fulfilling these requirements. Clarification on these variances and reassurance of data security would be essential to alleviate these concerns and maintain stakeholder confidence in the program.
Issues
• The document's explanation regarding the necessity of the information collection is brief and may benefit from a more detailed justification to ensure clarity and public understanding.
• The estimated total annual burden ranges from 10 minutes to 4 hours per respondent, which could be perceived as unclear without further context about the variance in time commitment.
• The variation in the estimate of the average total annual burden (10 minutes to 4 hours) seems broad and might require clarification on what specific activities contribute to such a range.
• Details concerning the data security measures for the electronic submission of information through the web-based system are not mentioned, which may raise privacy concerns.