Rater: A description for the rater job

Clerical And Sales Jobs » Computing And Account Recording Jobs » Billing And Rate Clerks » Rater

Rater: Policy rater, rate inserter, rating clerk Calculates amount of premium to be charged for various types of insurance, using rate book, calculator, and adding machine: Selects premium rate based on information in case record folder relating to type and amount of policy based on standard risk factors, for example use and age of automobile, location and value of property, or age of applicant. Adds premium rates of basic policy and endorsements to compute total annual premium. Records rates on abstract sheet (worksheet), from which policies will be typed. May also calculate commissions.

Job industry: insurance industry

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