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 a commission
Correct Answer: Option A
A. adequate compensation to the insured
Explanation
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 (policyholder) 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.
