Keyword Analysis & Research: adjuster

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Is an adjuster a fiduciary agent?

The adjuster acts as a fiduciary agent for the principal (the insurer) In order to be a fiduciary agent, an adjuster must-Have authority granted by an insurer via a contract-Act for, and on behalf of, the principal -Protect the principal's financial property and interest

What does adjuster mean?

What does adjuster mean? Definition of adjuster. : one that adjusts especially : an insurance agent who investigates personal or property damage and makes estimates for effecting settlements. Click to see full answer. Subsequently, one may also ask, what is the purpose of an insurance adjuster?

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