Which statement describes an Adjuster?

Which statement describes an Adjuster?

• A. A broker who handles policy sales.
• B. individual who represents the insurance company and acts for the company in working on agreements regarding the amount of a loss and the liability of the company in a claim
• C. An underwriter who determines risk.
• D. An ISO organization.

Answer: (B)

An adjuster is the person who represents the insurance company in the claims process, investigating the loss, determining the amount of the loss, and deciding liability, then negotiating a settlement with the insured or claimant. This role is focused on handling and settling claims for the insurer, rather than selling policies (a broker), assessing risk before coverage (an underwriter), or providing data and forms (an ISO organization).

An adjuster is the person who represents the insurance company in the claims process, investigating the loss, determining the amount of the loss, and deciding liability, then negotiating a settlement with the insured or claimant. This role is focused on handling and settling claims for the insurer, rather than selling policies (a broker), assessing risk before coverage (an underwriter), or providing data and forms (an ISO organization).