adjuster


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adjuster

(ă-jŭs′tĕr)
A device for holding together the ends of the wire forming a suture.
References in periodicals archive ?
In addition to the normal work day, the auto claims adjuster must also be alert to any fraud, since some car owners and vehicle repair shops have been known to defraud insurance companies with fraudulent claims.
The new law, sponsored by Senate Co-Leader Jeff Klein and Member of the Assembly David Weprin, goes a long way to help consumers understand some of the conflicts involved when a contractor also tries to serve as a public adjuster on the same claim, Bob DAmore, president of the NYPAA stated, adding: "As a result of a series of complaints filed against a single City Island business that was operating as both contractor and public adjuster referring business from one to the other without making disclosure to the consumer and creating a conflict of interest, this legislation was introduced and passed by both houses of the Legislature in one session.
All Oklahoma licensed public adjusters have been directed to charge their customers fees no greater than 10 percent of total claim settlement.
In order to better understand your insurance policy, The Public Adjusters suggest policy holders research their policy so they completely understand what their insurance company is responsible for when awarding claims for property damage.
My client had $50k in UM coverage and told the adjuster that she was still treating; the adjuster had no idea of the adverse drivers' coverage, but still decided to ask the insured to sign a UM release.
Joiner said having a public adjuster, though, could reduce the number of lawsuits.
Trey Stone, CEO of Houston-based Guardian Equity Management, which owns and operates 3,500 apartments, says he hires a public adjuster for every claim that he estimates to be $50,000 or more, but says smaller owners may want to hire one for claims as small as $ 10,000.
In all instances, the figures do not include the amount the policyholder would have to subtract to pay the public adjuster.
The bill addresses solicitation and advertising; licensing requirements; right to cancel a public adjuster's contract; permissible fees; creation of a public adjuster apprenticeship program; continuing education requirements; non-resident public adjusters; and prevention of fraudulent claims.