Home > Term: revival clerk
revival 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.
- Sõnaliik: noun
- Valdkond/domeen: Professional careers
- Category: Occupational titles
- Company: U.S. DOL
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Looja
- Jason F
- 100% positive feedback
(United States of America)