independent adjuster

independent adjuster definition - business

independent adjuster

A person or company that acts on behalf of an insurer in investigating and adjusting claims arising under insurance contracts issued by the insurer. An independent adjuster would be employed by several insurance companies that do not write enough policies in a particular area to be able to afford internal adjusters.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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