Process applications for, changes to, reinstatement of, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party's specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.
<ul><li>Process and record new insurance policies and claims.</li><li>Correspond with insured or agent to obtain information or inform them of account status or changes.</li><li>Review and verify data, such as age, name, address, and principal sum and value of property on insurance applications and policies.</li><li>Examine letters from policyholders or agents, original insurance applications, and other company documents to determine if changes are needed and effects of changes.</li><li>Compare information from application to criteria for policy reinstatement and approve reinstatement when criteria are met.</li><li>Modify, update, and process existing policies and claims to reflect any change in beneficiary, amount of coverage, or type of insurance.</li><li>Transcribe data to worksheets and enter data into computer for use in preparing documents and adjusting accounts.</li><li>Organize and work with detailed office or warehouse records, maintaining files for each policyholder, including policies that are to be reinstated or cancelled.</li><li>Notify insurance agent and accounting department of policy cancellation.</li></ul>