Florida Insurance Claims Adjuster License Practice Exam

Who serves as adjuster representatives of insurers, compensated on a fee-plus-expenses basis for each loss handled?

1. Company or Staff Adjuster

2. Fee Adjuster

3. Independent Adjuster

4. Public Adjuster

The correct answer is: Independent Adjuster

An Independent Adjuster serves as the adjuster representative of insurers. They are typically paid based on a fee-plus-expenses basis for each loss that they handle. This means that they receive a predetermined fee for their services and are also reimbursed for any expenses they may have incurred while handling the claim. Both Company or Staff Adjusters (A) and Fee Adjusters (B) are typically employees of the insurance company and are not compensated on a fee-plus-expenses basis. Public Adjusters (D) are typically hired by the policyholder and do not represent the insurer.