Insurance WAEC

One of the duties of a loss adjustor is?

A. advice the claimant on claims processing
B. ensure prompt payment of claims
C. estimate maximum loss
D. investigate the cause of loss

Correct Answer: Option C

C. estimate maximum loss

Explanation

Loss Adjusters, also known as claims adjusters, work for insurance companies and examine property damage to determine how much an insurance company should compensate the claimant.

AddThis Website Tools
Sunday

Share
Published by
Sunday
Tags: Insurance

Recent Posts

GNS 322 Theory Questions: Traditional Roles of Women in Nigerian SocietyGNS 322 Theory Questions: Traditional Roles of Women in Nigerian Society

GNS 322 Theory Questions: Traditional Roles of Women in Nigerian Society

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

3 mins ago
GNS 322 Theory Questions: Large And Small Family UnitGNS 322 Theory Questions: Large And Small Family Unit

GNS 322 Theory Questions: Large And Small Family Unit

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

10 mins ago
GNS 322 Theory Questions: The Evolution of Women’s Roles in Nigerian SocietyGNS 322 Theory Questions: The Evolution of Women’s Roles in Nigerian Society

GNS 322 Theory Questions: The Evolution of Women’s Roles in Nigerian Society

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

19 hours ago

GNS 322 Theory Questions: Advantages of Large and Small Family Units

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

19 hours ago

GNS 322 Theory Questions: The Evolving Roles of Women in Modern Society

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

19 hours ago

GNS 322 Theory Questions: The Family as a Fundamental Social Institution and Nigerian Child-Rearing Attitudes

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

22 hours ago