A Dictionary of Occupational Terms Based on the Classification of Occupations used in the Census of Population, 1921.
ORDER XXIII.—COMMERCIAL, FINANCE, AND INSURANCE OCCUPATIONS (excluding Clerks)
Sub-order 2.—Persons Employed in Finance and Insurance
793.—Insurance Officials (Heads of Departments, Managers, Inspectors)
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- agent, Lloyd's
- an underwriter (q.v.) acting for Lloyd's Association of Maritime Underwriters.
- agent, underwriter's
- represents and does business for an underwriter (q.v.) or firm of underwriters in a particular town or district.
- agent, Veritas
- an underwriter's agent (q.v.) acting for the Veritas International Association of Underwriters.
- assessor of fire losses, assessor of risks
; inspector of risks
- examines and assesses damage caused by fire, etc., in case of claim by an insurance policy holder, prior to payment of claim.
- auditor, insurance
- see inspector.
- boiler inspector
- (i) see inspecting engineer;
- (ii) (for Steam Users' Association) examines condition of boilers periodically on behalf of policy holder, as check on decisions of insurance company's inspector; makes detailed visual examination; also tests for pressure, examines valves, glands, covering, etc.
- chief clerk (insurance, etc., company)
- supervises staff of clerks in insurance or assurance company head office department or in a branch office acting under a departmental manager; is responsible for general conduct of work and staff discipline.
- claims adjustor
- on behalf of underwriting agent or of Lloyd's Signing Bureau, examines claims submitted by insurance brokers (794) (q.v.) to ensure that claims are in accordance with terms of policies; spreads claims proportionately among underwriters (q.v.); if so authorised, passes claim or consults underwriter's agent in event of doubt under policy existing.
- inspecting engineer
; boiler inspector
- examines power plant proposed for insurance before a policy is issued, in order to assess insurable value; also examines such plant, then and periodically, to ensure that it is kept in fit condition; arranges for repairs under terms of policy, i.e. as distinct from ordinary wear and tear; examines second-hand plant on behalf of intending purchasers who are his employer's clients.
- inspector
; insurance auditor
- travels from branch to branch of an insurance company, inspecting the work in general, auditing books and checking cash; of. assessor of risks.
- inspector of risks
- (i) see assessor of fire losses;
- (ii) makes subsequent examinations of properties, etc., to ensure that terms of policy are being observed, and due precautions taken against risks.
- sick visitor
- visits at their homes persons drawing sick benefits from a health insurance company or benefit society, to ensure that sickness is bona fide and comes within terms of policy.
- superintendent, district; superintendent of agents
- supervises work of insurance agents, usually life or industrial, in a particular town or district; conducts special negotiations; deals with local complaints, etc.
- underwriter
- a member of a syndicate which undertakes to bear a portion of the risk in connection with any large sum of money involved in insurance policies, usually marine, or in the floating of private or public loans, in return for certain premium per cent.; may act as underwriter's agent or as claims adjustor (q.v.), or may not take active part in underwriting, merely providing part of covering capital.
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From:
A Dictionary of Occupational Terms Based on the Classification of Occupations used in the Census of Population, 1921,
Ministry of Labour, 1927. Digitised by Peter Christian, August, 2016. This text is in the Public Domain. 