Insurance Commissioner Job Description

March 19, 20120 Comments

Insurance commissioner job profile and description

Insurance commissioners are politicians and elected by the citizens of the United States. They issue certificates to insurance agents and brokers after checking their credentials. They also work in improving insurance laws and act as an advocate for the insurance needs of the people. They serve for a term of four years. The job of an insurance commissioner is one of a lot of responsibility as he is responsible for handling all the bureaucracy involved in insurance.

Insurance commissioner job duties and responsibilities

The duties and responsibilities of an insurance commissioner are:

  • Is responsible for scrutinizing the working of the insurance department in the state
  • Keeps a check on insurance companies by reviewing their license along with period regulation and examination of the same
  • Is answerable to the public on matters concerning insurance laws
  • Should be able to handle insurance complaints from the public
  • Enforces insurance laws and regulations of the insurance
  • Issues license to brokers, adjusters, agents and bail bondsmen

Insurance commissioner job skills and specifications

The skills and specifications of an insurance commissioner are:

  • Excellent interpersonal skills in order to interact with the public
  • A thorough knowledge about the insurance law, regulations and policies
  • Ability to quickly deal with problems like customer complaints
  • Leadership skills
  • Good communication skills and exceptional convincing power.
  • Sound organization and management skills
  • Down to earth personality that will encourage people to come forward with their complaints

Insurance commissioner job education and qualifications

An insurance commissioner is basically a non-technical person, who is elected by people in order to handle their investment complaints. As such, there is no specified qualification for a politician’s job. However, in order to understand the laws and regulations of the insurance department, the basic education and qualifications of an insurance commissioner are:

A bachelor degree in mathematics and commerce is necessary. An understanding of the legal procedures involved in insurance is essential.

Insurance commissioner job salary

On an average the annual salary of an insurance commissioner is approx $100k.

Download Insurance Commissioner Job Description in Word Format

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