The Life Insurance Underwriter II calculates rates and premiums from approved decrement tables. Reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications. Being a Life Insurance Underwriter II may require a bachelor's degree. Approves or denies applications on own discretion. In addition, Life Insurance Underwriter II typically reports to a supervisor or manager. Being a Life Insurance Underwriter II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Working as a Life Insurance Underwriter II typically requires 2 to 4 years of related experience.
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The Insurance Underwriter II utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Being a Insurance Underwriter II ensures that underwriting activities comply with all industry and governmental regulations. Calculates renewal rates. In addition, Insurance Underwriter II may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Being a Insurance Underwriter II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Working as a Insurance Underwriter II typically requires 2-4 years of related experience.