Match up the following definitions with the correct description. Third Party Administrators Producer Staff claims representatives Independent adjuster Public AdjusterA.An organization that provides administrative services associated with risk financing and insurance.B.An insurance professional who places insurance and surety business with insurers and who represent either insurers, insureds, or both.C.Employees of an insurer who handle most claims, usually while working from branch or regional offices.D. Handles claims for insurers for a fee.E.An outside organization or person hired by an insured to represent the insured in a claim in exchange for a fee.

Insurance refers to a contract in which the person or the entity receives reimbursement against the…

Answered: Match up the following definitions with…

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

Related questions

Question

Match up the following definitions with the correct description.

Third Party Administrators

Producer

Staff claims representatives

Independent adjuster

Public Adjuster

A.	An organization that provides administrative services associated with risk financing and insurance.
B.	An insurance professional who places insurance and surety business with insurers and who represent either insurers, insureds, or both.
C.	Employees of an insurer who handle most claims, usually while working from branch or regional offices.
D.	Handles claims for insurers for a fee.
E.	An outside organization or person hired by an insured to represent the insured in a claim in exchange for a fee.