State of Connecticut Executive Branch

Insurance Associate Examiner (1781AR)

$43.26-$55.63 Hourly / $3,460.12-$4,450.04 BiWeekly /
$90,309.00-$116,146.00 Yearly

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Insurance Department this class is accountable for independently performing complex tasks related to the review of insurance policy forms and rates, investigation and mediation of consumer complaints or examination of insurance company records and market and/or business practices or analysis of financial statements and related records.

GUIDELINES FOR JOB CLASS USE

This is the advanced working level/working lead level and is distinguished from the working level by principal responsibility for the independent conduct of difficult and complex market conduct examinations, investigation of consumer complaints or policy and rate review work.

SUPERVISION RECEIVED

Works under the limited supervision of an Insurance Principal Examiner or other employee of higher grade.

SUPERVISION EXERCISED

May lead other Insurance Examiners and/or other staff as assigned.

EXAMPLES OF DUTIES

  • Performs complex related duties involving review of insurance company policy and rate filings, examination of insurance companies' market conduct and/or business practices or investigation and mediation of consumer complaints for compliance with relevant statutes and regulations;
  • Examine all related types of insurance policy forms based upon assigned functional area for new and unusual products;
  • Prepares reports of examinations and/or investigations;
  • Assists in the preparation of material for criminal and/or administrative cases;
  • Participates in the drafting of regulations and bulletins;
  • May review loss reserve methodology including testing of underlying data and examining the adequacy of an insurer's loss reserve;
  • May conduct studies of cost, content and availability of various lines of insurance;
  • May independently conduct investigation of complaints against insurance companies including complicated cases and issues;
  • May lead or independently conduct market examinations of insurance companies for compliance with relevant state statutes and guidelines including rates charged and claims practices;
  • May assist in the training of lower level examiners;
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

  • Considerable knowledge of
    • and ability to interpret insurance licensee law, regulations and guidelines;
    • accounting and auditing principles and practices;
    • business practices and operational procedures of insurance licensees;
    • policy contracts and forms;
  • Knowledge of
    • methods and procedures for conducting investigations and examinations;
    • and ability to interpret and apply insurance statutes, regulations and bulletins;
    • insurance rates and rating procedures;
    • contract and property law;
  • Considerable
    • interpersonal skills;
    • oral and written communication skills;
  • Ability to
    • calculate complex mathematical formulas;
    • utilize computer software;
  • Supervisory ability.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Seven (7) years of experience in one or more of the following areas: claims, claims adjusting, sales, underwriting, contract development, actuarial work or agency services within the insurance industry OR governmental regulation of the insurance industry OR governmental examination of financial condition of insurance companies.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

One (1) year of the General Experience must have been in a professional capacity. 

NOTE: Professional capacity will be interpreted as work requiring the exercise of independent analysis and judgment in the application of professional principles and practices of underwriting, actuarial work or product development in the insurance industry or of government regulation of insurance policy forms and/or rates. For state employees this experience is interpreted at the level of Insurance Examiner or Insurance Examiner (Examination and Market Conduct).

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

  • College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
  • A Master's degree in insurance, business administration, economics or a closely related field may be substituted for one (1) additional year of the General Experience.
  • A Certified Life Underwriter (CLU) or Certified Property and Casualty Underwriter (CPCU) designation may be substituted for one (1) additional year of the General Experience.

SPECIAL REQUIREMENTS

  • Incumbents in this class may be required to travel.
  • Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.

JOB CLASS DESIGNATION

Classified/Competitive

OCCUPATIONAL GROUP

(15)-Insurance Programs and Control

BARGAINING UNIT

(16)-ADMIN & RESID (P-5)

EEO

(2)-Professional

SALARY INFORMATION

AR 26

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes.  As such, a job class is not meant to be all-inclusive of every task and/or responsibility.

CANCELLATION CLAUSE

This replaces the existing specification for the class of Insurance Associate Examiner in Salary Group AR 26 approved effective February 15, 2012. (Reviewed for content and revised to modernize format and add Acknowledgement) Final No. 23-304

EFFECTIVE DATE

11/22/2023
CLASS: 1781AR; EST: 10/1/1996; REV: 11/24/2023;