STATE OF
HUMAN RESOURCES
CLASSIFICATION: CASUALTY INSURANCE EXAMINER
Class Code: 1610-28 Date Established: 12-15-93
Occupational Code: 7-2-4 Date of Last Revision: 03-31-08
BASIC PURPOSE: To analyze property, casualty and liability
insurance companies’ rates, rules and forms to determine conformity with
state statutes and departmental regulations.
CHARACTERISTIC DUTIES AND RESPONSIBILITIES:
·
Reviews and
analyzes information and data pertinent to contracts filed by casualty,
liability and property insurers and approves or disapproves insurance
companies’ policies, contracts, endorsements, and applications.
·
Reviews
insurance rating plans and underwriting guidelines from existing licensed
companies and from new companies seeking licensure to do business in New
Hampshire, in order to ensure they are not excessive, inadequate or unfairly
discriminatory.
·
Confers with
insurance company officials to resolve errors in contract endorsements, rules,
applications, consumer policy cancellations, and errors in coverage resulting
in nonpayment of claims.
·
Provides
analytical, statistical and technical assistance in writing regulations for
policies and for rate structures.
·
Obtains and
prepares data for in-house examiners to audit insurance agents and/or companies
in relation to consumer complaints.
·
Monitors the
establishment and maintenance of records and files containing specialized
information concerning licensed insurance companies.
·
Assists unit
supervisor in the administration of existing regulations for property, casualty
and liability insurance.
·
Prepares
responses to oral and written inquiries relative to property, casualty and
liability insurance to advise, explain and/or interpret technical matters or
policy.
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DISTINGUISHING FACTORS:
Skill: Requires skill in analyzing and interpreting
data, policy, and procedures OR in using equipment in order to arrive at
logical conclusions or recommendations.
Knowledge: Requires logical or scientific understanding
to analyze problems of a specialized or professional nature in a particular
field.
Impact: Requires responsibility for achieving major
aspects of long-range agency objectives by planning short- and long-term
organizational goals, reviewing recommendations for procedural changes, and
developing or revising program policies.
Errors at this level result in incorrect decisions at an administrative
level, and are detected subsequent to implementation in an overall evaluation
process.
Supervision: Requires direct supervision of other
employees doing related or similar work, including scheduling work,
recommending leave, reviewing work for accuracy, performance appraisal, or
interviewing applicants for position vacancies.
Working Conditions: Requires performing regular job functions in
a controlled environment with minimal exposure to disagreeable job elements and
little risk of hazard to physical or mental health.
Physical Demands: Requires light work, including continuous
walking or operating simple equipment for extended periods of time as well as
occasional strenuous activities such as reaching or bending.
Communication: Requires acting as the official
representative of the agency, including explaining and defending current and
long-range goals or objectives which directly affect public policy decisions
regarding major state programs and services.
Complexity: Requires formulating the combination of
overall job functions in order to address highly diverse or novel situations
requiring new concepts and imaginative approaches to a wide range of
intellectual and practical problems.
Independent Action: Requires independent judgment in planning and
evaluating work procedures and in supervising the development of professional,
technical and managerial standards under administrative direction and according
to broad departmental guidelines.
MINIMUM QUALIFICATIONS:
Education: Bachelor’s degree from a recognized
college or university with a major study in insurance, mathematics, business
administration, accounting, economics, or a related field. Each additional year of approved formal
education may be substituted for one year of required work experience.
Experience: Seven years of experience in the insurance
industry, at least five years of which shall have been in the specialty area of
property and casualty insurance.
Possession of one of the following nationally recognized professional
designations: CPCU, CIC, or an
equivalent designation may be substituted for one year of the specialized
experience in property and casualty insurance.
Preference will be given to candidates with insurance industry
experience focused on company roles involving underwriting, product
development, claims adjusting, statistical analysis, and/or accounting
principles.
License/Certification: None required.
RECOMMENDED
WORK TRAITS: Knowledge of insurance, accounting and
statistical procedures, principles and practices. Knowledge of the regulations of the placement
of risks with unlicensed insurers.
Knowledge of state laws and regulations relating to insurance
companies. Ability to prepare complex
technical reports. Ability to objectively
evaluate information received to make sound recommendations. Ability to communicate effectively. Ability to establish effective working
relationships with representatives of insurance companies and the general
public. Must be willing to maintain
appearance appropriate to assigned duties and responsibilities as determined by
the agency appointing authority.
DISCLAIMER STATEMENT: This class specification is descriptive of
general duties and is not intended to list every specific function of this
class title.
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