Financial Management Service, Fiscal Service, Department of the Treasury.
Effective December 31, 2006, The Department of the Treasury, Financial Management Service, is increasing the fees it imposes on and collects from surety companies and reinsuring companies.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Surety Board Branch at (202) 874-6765.End Further Info End Preamble Start Supplemental Information
The fees imposed and collected, as referred to in 31 CFR 223.22, cover the costs incurred Start Printed Page 197by the Government for services performed relative to qualifying corporate sureties to write Federal business. These fees are determined in accordance with the Office of Management and Budget Circular A-25, As amended. The change in fees is the result of a thorough analysis of costs associated with the Surety Bond Branch.
The new fee rate schedule is as follows:
(1) Examination of a company's application for a Certificate of Authority as an acceptable surety or as an acceptable reinsuring company on Federal bonds—$8,025.
(2) Determination of a company's continued qualification for annual renewal of its Certificate of Authority—$4,710.
(3) Examination of a company's application for recognition as an Admitted Reinsurer (except on excess risks running to the United States)—$2,835.
(4) Determination of a company's continued qualification for annual renewal of its authority as an Admitted Reinsurer—$2,010.
Questions concerning this notice should be directed to the Surety Bond Branch, Financial Accounting and Service Division, Financial Management Service, Department of the Treasury, 3700 East West Highway, Room 6F01, Hyattsville, MD 20782, Telephone (202) 874-6850.Start Signature
Dated: December 21, 2006.
Janice P. Lucas,
Assistant Commissioner, Financial Operations, Financial Management Service.
[FR Doc. 06-9948 Filed 12-29-06; 8:45 am]
BILLING CODE 4810-35-M