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reinstatement clerk

A professional who compiles data on lapsed insurance policies to determine automatic reinstatement according to company policies. Respnsibilities include:

  • Determines if overdue premium is received within specified time limit.
  • Compares answers given by insured on reinstatement application with those approved by company and examines company records to determine if there are circumstances which may make reinstatement impossible.
  • Approves reinstatement when criteria for automatic reinstatement are met.
  • Calculates irregular premium and reinstatement penalty due when reinstatement is approved.
  • Types notices of reinstatement approval or denial, and of payment due, and sends notices to insured.
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Penulis

  • Jason F
  • (United States of America)

  •  (V.I.P) 16216 poin
  • 100% positive feedback
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