Job Description:

• 1) Types reinsurance applications and contracts and calculates reinsurance liability, working for either prime insurer or reinsurer and by either of following methods: Calculates reinsurance required on each risk, considering limit of liability.

• 2) Selects reinsurers who may accept part of ceded liability.

• 3) Types applications.

• 4) Computes amount of each premium due, using calculating machine.

• 5) Accepts reinsurers and their liability for cash values and dividends.

• 6) Prepares abstract for typing of contracts.

• 7) Receives reinsurance application from prime insurer.

• 8) Determines amount of insurance already held on risk from company records and calculates reinsurance that company can accept, based on limit of liability.

• 9) Determines if reinsurance is automatic from treaty provisions and sends application to underwriting department when it is not automatic.

• 10) Types notice of acceptance or rejection, based on limit of liability, and action of UNDERWRITER.

• 11) Operates calculator to verify computations made by prime insurer.