State of Maryland

MIA CHIEF ACTUARY (#009322)

- Hourly / - BiWeekly /
- Monthly / $142,716.00-$218,859.00 Yearly


GRADE

MIA 0027 

CLASS ATTRIBUTES

PROFESSIONAL SERVICE        BARGAINING UNIT: M

NATURE OF WORK

A Maryland Insurance Administration (MIA) Chief Actuary is a Professional Service classification in the Maryland Insurance Administration.  The Maryland Insurance Administration is an independent unit of Maryland State government.  Periodically, the Administration examines all companies organized under the laws of Maryland and scrutinizes nonresident companies doing business in the State.  The Administration also investigates consumer complaints and questions concerning insurance companies operating in Maryland and resolves insurance appeals and grievances concerning coverage decisions or claims denials.  Administration staffing compensation is allocated in accordance with the Insurance Article, Title 2, Section 2-105 and 104 (c), Maryland Insurance Administration, Annotated Code of Maryland. 

EXAMPLES OF WORK

The MIA is authorized by law to establish the compensation for its staff in accordance with Insurance Article, Title 2-105, Annotated Code of Maryland:

(b) In general. -- All employees of the Administration that serve in a management, professional, or technical capacity are in the executive service, management service, or are special appointments in the State Personnel Management System and serve at the pleasure of the Commissioner.

(c) Compensation. -- In accordance with the State budget, the Commissioner may set the compensation of an employee under subsection (b) of this section in a position that:

     (1) is unique to the Administration;

     (2) requires specific skills or experience to perform the duties of the position;

     (3) does not require the employee to perform functions that are comparable to functions performed in other units of the Executive Branch of State government.

(d) Secretary and Commissioner to determine positions for compensation. -- The Secretary, in consultation with the Commissioner, shall determine the positions for which the Commissioner may set compensation under subsection (c) of this section.

 

Insurance Article, Title 2-104(c), Actuary and Assistant Actuaries -

(1) The Commissioner shall appoint an actuary.

(2) The Commissioner may appoint assistant actuaries.

(3) The actuary and assistant actuaries shall:

     (i)   perform the actuarial duties of the Administration;

     (ii)  examine or help to examine insurers; and

     (iii) perform any other duties that the Commissioner assigns.

GENERAL REQUIREMENTS

Specific educational and experience requirements are set by the agency based on the essential job functions assigned to the position.

ACKNOWLEDGEMENTS

Class Descriptions are broad descriptions covering groups of positions used by various State departments and agencies.  Position descriptions maintained by the using department or agency specifically address the essential job functions of each position.

Class Descriptions provide information about the Nature of Work, Examples of Work, General Requirements and Acknowledgements.  The Required Knowledge, Skills, and Abilities; Minimum Education and Experience Requirements; Special Requirements; and recruitment and testing procedures are set by the using agency.

This is a Professional Service classification in the State Personnel Management System.  All positions in this classification are Professional Service positions.  Some positions in Professional Service classifications may be designated Special Appointment in accordance with the State Personnel and Pensions Article, Section 6-405, Annotated Code of Maryland.

This classification is not assigned to a bargaining unit, as indicated by the designation of S (Supervisor), M (Manager), T (Agency Head), U (Board or Commission Member), W (Student), X (Used by Agency or Excluded by Executive Order), or Z (Confidential).  As provided by State Personnel and Pensions Article, Section 3-102, special appointment, temporary, contractual, supervisory, managerial and confidential employees are excluded from collective bargaining.  Additionally, certain executive branch agencies are exempt from collective bargaining and all positions in those agencies are excluded from collective bargaining.

Date Established

Mar 1 2012 12:00AM

Date Revised

November 4, 2022

Approved By

Director, Division of Classification and Salary

CLASS: 009322; EST: 3/1/2012; REV: 11/4/2022;

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