Define the term "adjuster" in the insurance industry.

Study for the Alberta General Insurance Level 2 License Exam. Engage with flashcards and multiple choice questions, each question comes with hints and explanations. Prepare effectively for your exam!

In the insurance industry, the term "adjuster" specifically refers to a professional who evaluates claims on behalf of an insurance company. The role of an adjuster is crucial in the claims process, as they are responsible for investigating the details of a claim, assessing the damage or loss, and determining the amount of compensation that should be paid to the insured party.

Adjusters work to ensure that claims are handled fairly and in accordance with the terms of the insurance policy. They may inspect physical evidence, interview witnesses, and review police reports or other documentation to gather the necessary information. Their expertise helps maintain integrity in the claims process, as they act on behalf of the insurer while also considering the needs of the policyholder.

The other options involve different functions within the insurance sector but do not align with the primary responsibilities of an adjuster. For example, selling insurance policies, marketing products, and handling customer service inquiries are distinct roles that contribute to the business of insurance but focus on different aspects of the industry.

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