| Job Title |
Reinsurance Clerk |
| Job Description |
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.
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