The duty of a loss assessor is to ensure
A.
adequate compensation to the insured
B.
payment of premium to the insurer
C.
that risk manager identifies the risk properly
D.
that insurance broker collects commission
Correct answer is A
A Loss Assessor is appointed by the policyholder when they need to submit a substantial or complex claim.
Independent entity hired and paid by the insured (policy holder) to negotiate an insurance claim with the insurer (insurance company). The loss assessor receives a fee that is usually a percentage of the claim amount received by the insured.
