Class Code: 00455
IOWA DEPARTMENT OF ADMINISTRATIVE SERVICES –
HUMAN RESOURCES ENTERPRISE
INSURANCE POLICY ANALYST
DEFINITION
Under general direction, analyzes insurance
policies to determine conformity to departmental regulations and legal requirements
as specified in the Iowa Code and approves or disapproves policies and related
forms for use in the state; performs related work as required.
The Work Examples and Competencies listed are for illustrative purposes only and not intended to be the primary basis for position classification decisions.
WORK EXAMPLES
Analyzes all types of newly submitted insurance
policies and related forms received from insurance companies by evaluating and
interpreting policies to determine legal conformity to requirements of the Iowa
Code; examines riders, endorsements, applications, and formats of policies by
comparing policy stipulations with Iowa Code and department rules to determine
compliance with legal requirements and departmental regulations.
Analyzes policy meaning, language, and coverage by
interpreting provisions of the policies to determine if such are clear and are
in accord with pertinent legal requirements of the Code; notifies insurance
companies if policy language is not set forth as required by corresponding or
conferring with company officials to indicate changes that must be made before
policies can be approved.
Approves insurance policies in final form by
determining that policies are written in compliance with the legal requirements
of the Iowa Code and with departmental regulations; notifies insurance
companies of disapproval of policies by conferring or corresponding with
company officials to explain the reasons for the disapproval.
COMPETENCIES REQUIRED
Knowledge of contract law.
Knowledge of the nature of various types of insurance
and insurers.
Ability to acquire a knowledge of the Iowa Code as it
pertains to the legal requirements for insurance contracts.
Ability to acquire a knowledge of Division rules
that apply.
Ability to analyze and interpret insurance policy
language in detail to determine the clearness in meaning and the compliance
with legal requirements.
Ability to interpret and apply sections of the Iowa
Code that pertain to policy coverage, format, and provisions.
Ability to deal skillfully and tactfully with
insurance company officials when providing reasons for disapproval of policies.
Displays high standards of ethical conduct. Exhibits honesty and integrity. Refrains from theft-related, dishonest or
unethical behavior.
Works and communicates with internal and external
clients and customers to meet their needs in a polite, courteous, and
cooperative manner. Committed to
quality service.
Displays a high level of initiative, effort and
commitment towards completing assignments efficiently. Works with minimal supervision. Demonstrates responsible behavior and
attention to detail.
Responds appropriately to supervision. Makes an effort to follow policy and
cooperate with supervisors.
Aligns behavior with the needs, priorities and
goals of the organization.
Encourages and facilitates cooperation, pride, trust,
and group identity. Fosters commitment
and team spirit.
Expresses information to individuals or groups effectively, taking into account the audience and nature of the information. Listens to others and responds appropriately.
EDUCATION, EXPERIENCE, AND SPECIAL
REQUIREMENTS
Graduation from an accredited school of law;
OR
graduation
from an accredited four year college or university and three years of insurance
underwriting, adjusting, or policy development experience;
OR
high
school graduation or G.E.D. and any combination of insurance underwriting,
adjusting, or policy development experience and accredited undergraduate
college or university coursework which totals seven years (1 year of experience
equals 30 semester or equivalent hours of coursework).
For certain designated positions the Appointing
Authority, with Iowa Department of Administrative Services – Human Resources
Enterprise approval may selectively request those applicants possessing a Law
Degree or a minimum of 12 semester hours of education or 6 months of
experience or a combination thereof in one of the following areas:
354 Law
Degree
359 Life
and Health Insurance
533 Property
and Casualty Insurance
Applicants desiring to be considered for these positions should be sure to list applicable coursework and experience on the application.
Effective Date: 9/15/80 BW