Salary for Insurance Policy Processing Clerks
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SEE MORE SALARIES FOR FINANCE PROFESSIONALSInsurance Policy Processing Clerks work for insurance companies and process applications for insurance policies as well as make changes to the policy, reinstate the policy and make cancellations. The duties within the position including answering customers questions and concerns, compiling insurance policy data and changes, canceling polies per request, verifying information and accuracy of records and calculating premium amounts, refund amounts and making adjustments into an insurance policy. A high school diploma is required and experience working in an insurance industry is preferred. On-the-job training is offered by companies as well.
An Insurance Policy Processing Clerk will usually earn an average compensation on a scale from 24000 to 36000 depending on experience and domain knowledge. Insurance Policy Processing Clerks can receive a wage of Thirty Six Thousand Four Hundred dollars every year.
Insurance Policy Processing Clerks are compensated the highest in the District of Columbia, where they receive salary pay of approximating $49140. Employees in this career are compensated highest in Public Administration, where they get compensation, on average, of $44110.
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The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 18.87 percent nationwide in that time.
Insurance Policy Processing Clerks tend to make the most in the following industries
|Transportation and Warehousing||$44,110|
|Other Services (except Public Administration)||$39,820|
|Management of Companies and Enterprises||$37,610|
|Finance and Insurance||$36,420|
In general, they earn less within the industries below
|Real Estate and Rental and Leasing||$32,010|
|Professional, Scientific, and Technical Services||$34,180|
|Health Care and Social Assistance||$34,830|