What is the Definition of Adjuster?
An individual employed by a property/casualty insurer to evaluate losses and settle policyholder claims. These adjusters differ from public adjusters, who negotiate with insurers on behalf of policyholders, and receive a portion of a claims settlement. Independent adjusters are independent contractors who adjust claims for different insurance companies.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Insurance?
What is the Definition of Adjuster?
Check out other definition of insurance terms below:
What is the Meaning of PRIOR APPROVAL STATES In Insurance Terms?
States where insurance companies must file proposed rate changes with state regulators, and gain approval before they can go into effect.
What is the Meaning of PRIVATE PLACEMENT In Insurance Terms?
Securities that are not registered with the Securities and Exchange Commission and are sold directly to investors.
What is the Meaning of PRODUCT LIABILITY INSURANCE In Insurance Terms?
Protects manufacturers’ and distributors’ exposure to lawsuits by people who have sustained bodily injury or property damage through the use of the product.
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