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Interview prospective clients to obtain data about their financial resources and needs, the physical condition of the person or property to be insured, and to discuss any existing coverage.
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Explain necessary bookkeeping requirements for customer to implement and provide group insurance program.
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Call on policyholders to deliver and explain policy, to analyze insurance program and suggest additions or changes, or to change beneficiaries.
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Inspect property, examining its general condition, type of construction, age, and other characteristics, to decide if it is a good insurance risk.
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Contact underwriter and submit forms to obtain binder coverage.
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Calculate premiums and establish payment method.
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Seek out new clients and develop clientele by networking to find new customers and generate lists of prospective clients.
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Sell various types of insurance policies to businesses and individuals on behalf of insurance companies, including automobile, fire, life, property, medical and dental insurance, or specialized policies, such as marine, farm/crop, and medical malpractice.
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Develop marketing strategies to compete with other individuals or companies who sell insurance.
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Perform administrative tasks, such as maintaining records and handling policy renewals.
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Attend meetings, seminars, and programs to learn about new products and services, learn new skills, and receive technical assistance in developing new accounts.
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Select company that offers type of coverage requested by client to underwrite policy.
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Confer with clients to obtain and provide information when claims are made on a policy.
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Monitor insurance claims to ensure they are settled equitably for both the client and the insurer.
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Customize insurance programs to suit individual customers, often covering a variety of risks.
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Plan and oversee incorporation of insurance program into bookkeeping system of company.
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Install bookkeeping systems and resolve system problems.
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Ensure that policy requirements are fulfilled, including any necessary medical examinations and the completion of appropriate forms.
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Explain features, advantages, and disadvantages of various policies to promote sale of insurance plans.