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.

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Part of Speech: noun
Synonym(s): reinstatement_clerk
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Industry/Domain: Professional careers
Category: Occupational titles
Company: U.S. DOL
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