Rater

Calculate amount of premium to be charged for various types of insurance.
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Quick Stats


Outlook
Good

Salary Range
$22,000 – $46,000

Data from U.S. Department of Labor


What do Raters do?

Calculates amount of premium to be charged for various types of insurance, using rate book, calculator, and adding machine: Selects premium rate based on information in case record folder relating to type and amount of policy based on standard risk factors, such as use and age of automobile, location and value of property, or age of applicant. Adds premium rates of basic policy and endorsements to compute total annual premium. Records rates on abstract sheet, from which policies will be typed. May calculate commissions.


Should I be a Rater?

You should have a certificate degree or higher and share these traits:
  • Reliable: You can always be counted on to do a good job.
  • Detail Oriented: You pay close attention to all the little details.
  • Calm Under Pressure: You keep your cool when dealing with highly stressful situations.

  • Also known as: Policy Rater, Rate Examiner, Rate Inserter, Rate Marker, Rate Setter, Rating Examiner

    How to become a Rater

    We recommend at least a Certificate. Check out these schools offering Rater-related education!
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