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 commission
Correct Answer: A
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 (policy holder) 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.
