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AIG · 4 hours ago

Senior Contract Drafter, Accident & Health

New York, NY

Full-time, Contract

Onsite

Mid, Senior Level

$70K/yr - $95K/yr

5+ years exp

AIG is a global leader in commercial and personal insurance solutions, and they are seeking a Senior Contract Drafter for their US Accident & Health Product Team. This role involves preparing and designing product forms, collaborating with various business functions, and ensuring compliance with legal and regulatory requirements.

BankingFinancial ServicesInsurance

Responsibilities

Draft language for generic and state specific product policy forms for assigned projects for filing with state DOI’s based on company standards and all relevant legal and regulatory requirements, including necessary forms to facilitate approval/sign-off from management and relevant business teams

Review proposed insurance policies, endorsements, rate and rules and assist business units on filing strategies, pre-filing research and areas of deficiency

Develop policy wording for new coverages that accurately defines the intent whether for a completely brand-new policy form or an amendment that adds new coverage to an existing form

Form types developed: policy, certificate, riders & endorsements, filing letters explaining product scope/covered groups/product variations, Explanation of Variables, and Issue Pages

Develops policy forms for “single case filings” as needed and in accordance with state statutes and regulations based on information provided by product, underwriting, actuarial, legal and compliance

Partner with state filing department, legal, compliance, product, underwriting, and actuaries to obtain responses to comments and/or objections from state insurance examiners

Reviews objections and statutory references and develops responses to objections or comments from state insurance departments in accordance with state statutes and regulations and in a professional tone

Provide expertise in analyzing proposed product change requests to current or previous filings, defining possible options to support the requested changes and clearly identifying the impact

Provide product support to others, including Underwriting, Marketing and training teams as it relates to policy forms

Monitor and track filing statuses to ensure established metrics are met and all necessary stakeholders are kept up to date regarding form development progress and activity

Review marketing material for product content to ensure compliance with A&H advertising regulations and clarity of product offering for the consumer

Provide ad hoc guidance to the Canadian team to assist with product development and implementation of best practices for process and form language

Qualification

Product policy forms developmentState insurance regulationsSERFF experienceAnalytical skillsWriting skillsInterpersonal skillsWorkload managementExecution skillsOrganizational skillsCommunication skillsAttention to detailIndependent work