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Federal Register / Vol. 86, No. 244 / Thursday, December 23, 2021 / Notices amount or IMARA to be used for determining whether Treasury must recoup any payments it makes under the Program. Under the Act, if total annual payments by all participating insurers are below the IMARA, then Treasury must recoup all amounts expended by it up to the IMARA threshold. If total annual payments by all participating insurers are above the IMARA, then Treasury has the discretionary authority but not the obligation to recoup all of the expended amounts that are above the IMARA threshold.4
TRIA provides for a schedule of defined IMARA values from calendar year 2015 through calendar year 2019.5
For calendar year 2020 and beyond,
TRIA states that the IMARA shall be revised to be the amount equal to the annual average of the sum of insurer deductibles for all insurers participating in the Program for the prior 3 calendar years, as such sum is determined pursuant to final rules issued by the Secretary.6
On November 15, 2019, Treasury issued a final rule for calculation of the IMARA.7 This rule, which is codified at 31 CFR 50.4m2, provides that the IMARA will be calculated by averaging the annual industry aggregate deductibles over the prior three calendar years, based upon the direct earned premiums DEP reported to Treasury by insurers in Treasurys
73101

annual data calls. Insurer deductibles under the Program are based upon the DEP of individual insurers reported to Treasury in the prior year e.g., 2020
DEP for 2021 calendar year.
Accordingly, for purposes of determining the IMARA for calendar 2022, Treasury has averaged the aggregate insurer deductibles for calendar years 2021, 2020, and 2019 as reported to Treasury in each of these years, which are based on the reported DEP for calendar years 2020, 2019, and 2018, respectively.
For purposes of the 2022 IMARA
calculation, those figures are as follows:

TRIP-ELIGIBLE DEP BY INSURER CATEGORY 8
2019 TRIP data call 2018 DEP in TRIP-eligible lines
2020 TRIP data call
% of total
2019 DEP in TRIP-eligible lines
2021 TRIP data call
% of total
2020 DEP in TRIP-eligible lines
% of total
Alien Surplus Lines Ins
Captive Insurers
Non-Small Insurers
Small Insurers

$7,618,548,358
8,937,119,082
166,188,192,378
22,516,178,612

4
4 81
11

$11,149,972,542
9,083,384,310
172,970,757,331
22,882,139,290

5
4 80
11

$11,043,111,847
10,534,614,720
175,272,463,804
22,156,599,520

5
5 80
10

Total

205,260,038,430

100

216,086,253,473

100

219,006,789,891

100

Source: 20192021 TRIP Data Calls.

Treasury has used these reported premiums to calculate the IMARA for calendar year 2022. The average annual DEP figure for the combined period of 2018, 2019, and 2020 is $213,451,027,265 $205,260,038,430 +
$216,086,253,473 + $219,006,789,891/3
= $213,451,027,265. The average aggregate deductible for the prior three years is 20 percent of $213,451,027,265, which equals $42,690,205,453.9
Accordingly, the IMARA for purposes of calendar year 2022 is $42,690,205,453.
Steven E. Seitz, Director, Federal Insurance Office.
FR Doc. 202127795 Filed 122221; 8:45 am BILLING CODE 4810AKP

Comments must be received on or before January 24, 2022.

Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/
PRAMain. Find this particular information collection by selecting Currently under 30-day ReviewOpen for Public Comments or by using the search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be obtained from Molly Stasko by emailing PRA@treasury.gov, calling 202 622
8922, or viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Title: Coronavirus Economic Relief for Transportation Services.
OMB Control Number: 15050273.
Type of Review: Extension of a currently approved collection.
Description: On December 27, 2020, the President signed the Consolidated
preceding year. TRIA, sec. 1027. For example, an insurers calendar year 2021 Program deductible is 20 percent of its calendar year 2020 direct earned premium.
7 See 84 FR 62450 November 15, 2019 Final Rule.
8 The figures from the 2020 and 2019 TRIP data calls some figures may not add up on account of rounding were previously reported in the IMARA
calculation for calendar year 2021. See 85 FR 83159
December 21, 2020. Figures from the 2021 TRIP

data call were previously reported in FIOs June 2020 Small Insurer Study, as available at that time and rounded. FIO, Study on the Competitiveness of Small Insurers in the Terrorism Risk Insurance Marketplace June 2021, 17 Figure 1, https
home.treasury.gov/system/files/311/
2021TRIPSmallInsurerReportJune2021.pdf. The figures from the 2021 TRIP data call as originally reported in June 2020 have been updated to include data received by FIO after the reporting deadline.
9 See note 7.

DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Proposed Collection;
Comment Request; Coronavirus Economic Relief for Transportation Services.
Departmental Offices, U.S.
Department of the Treasury.

AGENCY:
ACTION:

Notice.

The Department of the Treasury will submit the following information collection request to the Office of Management and Budget OMB for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.

SUMMARY:

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DATES:

4 See TRIA, sec. 103e7; see also 31 CFR part 50, subpart J Recoupment and Surcharge Procedures.
5 In 2015, the IMARA was $29.5 billion; it increased to $31.5 billion in 2016, $33.5 billion in 2017, $35.5 billion in 2018, and $37.5 billion in 2019. See TRIA, sec. 103e6B.
6 TRIA, sec. 103e6Bii and e6C. An insurers deductible under the Program for any particular year is 20 percent of its direct earned premium subject to the Program during the
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