Policy Change Clerk: A description for the policy change clerk job

Clerical And Sales Jobs » Computing And Account Recording Jobs » Computing And Account Recording Jobs Nec » Policy Change Clerk

Policy Change Clerk: Compiles data and records changes in insurance policies: Examines letter from insured or agent, original application, and other company documents to determine how to effect proposed changes, for example change in beneficiary or method of payment, increase in principal sum or type of insurance. Corresponds with insured or agent to obtain supplemental information or to explain how change would not conform to company regulations or state laws, or routes file to POLICYHOLDER-INFORMATION CLERK (insurance industry) 249.262-010. Calculates premium, commission adjustments, and new reserve requirements, using rate books, statistical tables, and calculator or computer, and knowledge of specific types of policies. Transcribes data to abstract (work sheet) or enters data into computer for use in preparing documents and adjusting accounts. May also write abstract or enter data into computer to prepare new policy or rider to existing policy. May also underwrite changes when increase in amount of risk occurs.

Job industry: insurance industry

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