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INSURANCE ANALYST

New Job Insurance Analyst In Rhode Island

INSURANCE ANALYST
INSURANCE ANALYST

INSURANCE ANALYST

Company : State of Rhode Island
Salary : $53,322 - $61,477 a year
Location : Rhode Island

Full Description

Class Definition

GENERAL STATEMENT OF DUTIES: To assist in the review and analysis of insurance forms, contracts, and rating schedules filed by insurers or rating bureaus; and to insure compliance with the state insurance laws and regulations; and to assist insurance consumers with questions concerning insurance contracts, rates, laws or regulations; and to assist in investigation of potential violations of insurance laws and regulations by insurers or licensees; and to do related work as required.
SUPERVISION RECEIVED: Works under the general supervision of a designee of the Insurance Superintendent and/or the Director of Business Regulation who reviews work through periodic conferences and reports.
SUPERVISION EXERCISED: May supervise clerical positions as assigned.

Illustrative Examples of Work Performed

To assist in the review and analysis of form and rate filings by insurers or by rating bureaus to insure compliance with the state insurance laws and regulations.
To assist in investigations of insurers and licensees to determine compliance with state laws and regulations.
To correspond as assigned with appropriate representatives of insurers and licensees.
To assist in the investigation of complaints from the public to ascertain whether or not there have been any violations of insurance laws or regulations.
To assist in the response to inquiries from insurance consumers as to insurance laws and regulations.
To assist in preparation of reports with findings, conclusions and recommendations relative to the examination and analysis of rating schedules and other investigatory activity.
To assist in preparing testimony for superiors on matters within scope of work performed.
To review and analyze contract and policy forms in order to insure compliance of same with state laws and regulations.
To do related work as required.

Required Qualifications for Appointment

KNOWLEDGES, SKILLS AND CAPABILITIES: A basic knowledge of state laws and regulations governing insurance; the ability to assist in applying said laws to proposed forms and rating schedules filed by insurers or rating bureaus; the ability to assist in corresponding with insurers, licensees and/or rating bureaus; the ability to investigate complaints received from the general public and take proper action the ability to assist in investigations and evaluate potential violations of insurance laws and regulations by insurers and licensees; the ability to assist in the preparation of written reports with conclusions and recommendations relative to the scope of work performed; and related capacities and abilities.

EDUCATION AND EXPERIENCE:

Education: Such as may have been gained through: graduation from a college of recognized standing including or supplemented by successful completion of courses in insurance, law, mathematics, accounting or finance; and
Experience: Such as may have been gained through: employment in a responsible capacity involving property and casualty or life, accident and health and/or experience in a responsible position which may lend itself to the above.
Or, any combination of education and experience that shall be substantially equivalent to the above education and experience.


Supplemental Information

This position assists with the performance of various tasks related to consumer issues, form and rates and licensing regarding insurance division licensees. This position is located at the home office in Cranston, RI but requires occasional travel to various locations both within and outside the state.

Required travel also includes attending various programs within and outside the state for training purposes. Additional travel will be required to represent the department in national organizations related to insurance. Candidates must be willing to work towards attaining professional certifications in insurance; examples include but are not limited to: chartered life underwriter (CLU), chartered property& casualty underwriter (CPCU) and associate professional in insurance regulation (APIR).


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