Commonly asked overtime pay law questions about insurance underwriters:
- What Is an Insurance Underwriter?
- What is the Salary Range for an Insurance Underwriter?
- How Many Insurance Underwriters Are Nationally Employed?
- Where Are Most Insurance Underwriters Employed?
- Insurance Underwriter Overtime Pay Lawsuit News
- What are the Overtime Laws for Insurance Underwriters?
- Can an Insurance Underwriter Receive Overtime Pay for more than a 40 Hour Work Week?
- Insurance Underwriter Overtime Pay Lawyer Review
What Is an Insurance Underwriter?
Insurance underwriters review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
What is the Salary Range for an Insurance Underwriter?
Depending on the work setting and state, the U.S. Bureau of Labor Statistics (BLS) noted that in 2016, 80% of insurance underwriters made between $40,160 to $121,430, with the average annual salary being approximately $67,680.
How Many Insurance Underwriters Are Nationally Employed?
According to the United States Department of Labor, employment estimate and mean wage estimates for insurance underwriters are as follows:
| Employment | Employment RSE* | Mean Hourly Wage | Mean Annual Wage | Wage RSE |
| 91,650 | 2.3% | $36.29 | $75,480 | 0.8% |
*RSE: The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.
According to the United States Department of Labor, the percentile wage estimates for an insurance underwriter is as follows:
| Percentile | 10% | 25% | 50% (Median) | 75% | 90% |
| Hourly Wage | $19.31 | $24.66 | $32.54 | $44.12 | $58.38 |
Where Are Most Insurance Underwriters Employed?
According to the United States Department of Labor, states with the highest employment level of insurance underwriters are as follows:
| State | Employment | Employment Per Thousand Jobs | Location Quotient | Hourly Mean Wage | Annual Mean Wage |
| New York | 7,860 | 0.86 | 1.32 | $45.15 | $93,910 |
| California | 7,440 | 0.47 | 0.71 | $38.89 | $80,890 |
| Georgia | 6,050 | 1.44 | 2.20 | $36,03 | $74,940 |
| Texas | 5,660 | 0.48 | 0.74 | $33.97 | $70,660 |
| Illinois | 5,390 | 0.91 | 1.40 | $36.45 | $75,810 |
Insurance Underwriters Overtime Pay Lawsuit News
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What are the Overtime Laws for Insurance Underwriters?
The overtime laws for insurance underwriters, according to the Fair Labor Standards Act (FLSA), is that generally workers are entitled to receive overtime pay. However, it is important that you consult with a experienced unpaid overtime lawsuit attorney to determine if you are eligible to receive such benefits because eligibility is often determined not by the job title, but specifics about your employment. This could include anything from your job duties, job description, rate of pay, and number of hours worked. In addition, each state has its own set of overtime laws that may or may not effect your entitlement to receive overtime pay for all hours worked after 40 in a single work week.
Can an Insurance Underwriter Receive Overtime Pay for more than a 40 Hour Work Week?
Yes, an insurance underwriter may be able to receive overtime pay for working more than 40 hours in a week. If you believe you have been wrongfully denied overtime wages from your employer, your employer may be in violation of the Fair Labor Standards Act (FLSA) and you may be able to pursue an unpaid overtime lawsuit against your employer for all benefits owed to you.
According to the FLSA, insurance underwriters are classified as covered; therefore they are entitled to overtime wages. Even if you are paid as a salary employee, you still may be entitled to such wages. However, classification can be quite confusing and complex as it is often determined not by the occupation but the job duties, job description, rate of pay, and number of hours worked by that specific employee.
There are strict time limitations for filing a claim so it is important that you discuss your case in a timely manner. If you wait too long, you may lose your ability to recover some or all of your back pay. An experienced insurance underwriter overtime pay attorney can determine whether you are entitled to overtime wages based upon your job description, job duties, rate of pay, and number of hours worked.
Some states have their own overtime pay laws that may be slightly different from the FLSA with respect to overtime pay for insurance underwriters. An experienced overtime pay attorney can determine whether you are entitled to overtime wages based upon your job description, job duties, rate of pay, and number of hours worked. There are strict time deadlines for filing lawsuits so it is essential that you contact an attorney immediately.
To determine whether you are eligible for filing a wage claim, contact our experienced insurance underwriter overtime pay lawyers at (855) 754-2795 for a Free Consultation to discuss your case or complete the Free Unpaid Overtime Case Review Form on this page. We will discuss your situation and determine if you have a claim. If you are owed unpaid wages, we will represent you under our No Fee Promise, which means there are never any legal fees or costs unless you receive a settlement.
Insurance Underwriter Overtime Pay Lawyer Review
