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Job Description and Jobs

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.




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End Of Job Description for: "REINSURANCE CLERK"
DOT:   219.482-018

Job Number: 8326