Insurtech, Inc. · Incline Village, Nevada
Case #I-203-23279-416522
A Chief Operating Officer position at Insurtech, Inc. in Incline Village, Nevada was filed at $325k per year, offering 36% above the prevailing wage of $239k. The case was processed in 4 days during the FY FY2024 cycle. This position is for continued employment.
| Case Number | I-203-23279-416522 |
| Case Status | Withdrawn |
| Visa Class | E-3 AUSTRALIAN |
| Fiscal Year | FY 2024 |
| Employer | Insurtech, Inc. |
| Employer Location | San Francisco, California |
| Job Title | Chief Operating Officer |
| SOC Code | 11-101100 – Chief Executives |
| Worksite | Incline Village, Nevada |
| Annual Wage | $325k |
| Prevailing Wage | $239k |
| Wage Premium | +35.9% |
| Positions | 1 (0 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Chief Executive Officer | $210k | CERTIFIED | Sep 19, 2024 |
| Chief Operating Officer | $325k | CERTIFIED | Oct 10, 2023 |
| Chief Executive Officer | $325k | CERTIFIED | Jan 2, 2023 |
| Chief Executive Officer | $250k | CERTIFIED | Dec 9, 2020 |
This Labor Condition Application (LCA) was filed by Insurtech, Inc. for the position of Chief Operating Officer in Incline Village, Nevada. The offered annual salary is $325k, compared to the prevailing wage of $239k for this occupation and location. This represents a wage premium of +35.9% above the prevailing wage.
The LCA is the first step in the H-1B visa process. Employers must file an LCA with the Department of Labor certifying that they will pay the foreign worker at least the prevailing wage for the occupation in the area of intended employment. A certified LCA is required before the employer can file an H-1B petition with USCIS.
Case status: Withdrawn. This means the employer or their representative withdrew the application.
A Labor Condition Application (LCA) is a mandatory document that U.S. employers must file with the U.S. Department of Labor (DOL) before they can petition for a foreign worker under the H-1B, H-1B1, or E-3 visa categories. The LCA process was established under the Immigration and Nationality Act (INA) to protect both foreign and domestic workers by ensuring fair wages and working conditions.
When a U.S. company identifies a foreign national to fill a specialty occupation position, they must first obtain DOL certification through the LCA process before filing the H-1B petition (Form I-129) with U.S. Citizenship and Immigration Services (USCIS). In this case, Insurtech, Inc. filed LCA case number I-203-23279-416522 to sponsor a Chief Operating Officer position at their worksite in Incline Village, Nevada. By filing this LCA, the employer attests to four key conditions: (1) paying the higher of the actual wage or prevailing wage, (2) providing working conditions that will not adversely affect other similarly employed workers, (3) no strike or lockout at the worksite, and (4) providing notice of the filing to the bargaining representative or posting notice at the worksite.
The DOL establishes four wage levels for each occupation and geographic area, representing the progression from entry-level to fully competent workers:
For this filing, the offered wage of $325k compares to the DOL prevailing wage of $239k for Chief Executives positions in the Incline Village, Nevada area. The positive wage premium of +35.9% indicates the employer is offering above the DOL-determined average for this occupation and location.
The prevailing wage is the average wage paid to similarly employed workers in a specific occupation in the area of intended employment. The DOL determines prevailing wages using data from the Occupational Employment and Wage Statistics (OEWS) survey conducted by the Bureau of Labor Statistics (BLS). Employers must pay H-1B workers the higher of the prevailing wage or the actual wage paid to other employees in similar positions at the company. This requirement is designed to prevent employers from using H-1B workers to undercut domestic wages.
A "Certified-Withdrawn" status means this LCA was initially certified by the DOL but was later withdrawn by the employer. This can happen for various reasons: the foreign worker may have declined the position, found employment elsewhere, the employer may have decided to refile with updated information, or business conditions may have changed. A withdrawal does not negatively affect the employer's ability to file future LCAs.
This LCA was received by the DOL on Oct 6, 2023 and a decision was rendered on Oct 10, 2023, a processing time of approximately 4 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application was processed within the standard timeframe.
The offered salary of $325k for this Chief Operating Officer position provides a data point for evaluating compensation trends in E-3 AUSTRALIAN visa sponsorship. When reviewing H-1B salary data, consider that wages vary significantly based on geographic location, employer size, industry sector, and the worker's experience level. This position falls under SOC code 11-101100 (Chief Executives), which standardizes how the Bureau of Labor Statistics classifies occupations across industries. Metropolitan areas like New York, San Francisco, and Seattle typically command higher salaries due to higher costs of living, while positions in smaller markets may offer lower nominal wages but comparable purchasing power.
The offered annual salary for this Chief Operating Officer position at Insurtech, Inc. is $325k. The Department of Labor prevailing wage for this occupation and location is $239k. The offered wage represents a +35.9% premium over the prevailing wage.
This E-3 AUSTRALIAN filing is for a position located in Incline Village, Nevada. The employing company, Insurtech, Inc., is headquartered in San Francisco, California.
This Labor Condition Application is filed under the E-3 AUSTRALIAN visa classification. This visa classification allows employers to hire foreign workers for specialty occupation positions in the United States.
The employer for this filing is Insurtech, Inc., located in San Francisco, California. Insurtech, Inc. filed this Labor Condition Application (case number I-203-23279-416522) for a Chief Operating Officer position during fiscal year FY 2024. View all Insurtech, Inc. H-1B filings.
Certified-Withdrawn means this LCA was initially certified by the DOL but was subsequently withdrawn by the employer or their authorized representative.