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TITLE(s): REINSURANCE CLERK (insurance) Types reinsurance applications and contracts and calculates reinsurance liability, working for either prime insurer or reinsurer and by either of following methods: (1) Calculates reinsurance required on each risk, considering limit of liability. Selects reinsurers who may accept part of ceded liability. Types applications. Computes amount of each premium due, using calculating machine. Accepts reinsurers and their liability for cash values and dividends. Prepares abstract for typing of contracts. (2) Receives reinsurance application from prime insurer. Determines amount of insurance already held on risk from company records and calculates reinsurance that company can accept, based on limit of liability. Determines if reinsurance is automatic from treaty provisions and sends application to underwriting department when it is not automatic. Types notice of acceptance or rejection, based on limit of liability, and action of UNDERWRITER (insurance). Operates calculator to verify computations made by prime insurer. GOE: 07.02.04 STRENGTH: S GED: R4 M3 L3 SVP: 5 DLU: 77 ONET CROSSWALK: 55347 General Office Clerks |
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TITLE(s):
REINSURANCE CLERK (insurance)
Types reinsurance applications and contracts and calculates reinsurance liability, working for
either prime insurer or reinsurer and by either of following methods: (1) Calculates reinsurance
required on each risk, considering limit of liability. Selects reinsurers who may accept part of
ceded liability. Types applications. Computes amount of each premium due, using calculating machine.
Accepts reinsurers and their liability for cash values and dividends. Prepares abstract for typing
of contracts. (2) Receives reinsurance application from prime insurer. Determines amount of
insurance already held on risk from company records and calculates reinsurance that company can
accept, based on limit of liability. Determines if reinsurance is automatic from treaty provisions
and sends application to underwriting department when it is not automatic. Types notice of
acceptance or rejection, based on limit of liability, and action of UNDERWRITER (insurance).
Operates calculator to verify computations made by prime insurer.
GOE: 07.02.04 STRENGTH: S GED: R4 M3 L3 SVP: 5 DLU: 77
ONET CROSSWALK: 55347 General Office Clerks
© 1995 - 2015 Photius Coutsoukis and Information Technology Associates (All Rights Reserved). Revised 26-May-03