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What is one of the core duties of the adjuster?
To advocate for clients in court
To provide assessments of potential damages
To report updates about claims to the Principal
To approve all submitted claims
The correct answer is: To report updates about claims to the Principal
One of the core duties of the adjuster is to report updates about claims to the Principal. This role is critical because the adjuster acts as a liaison between the insurance company and the policyholder. By providing timely and accurate updates, the adjuster ensures that all parties involved are informed about the status of the claims process. This communication helps facilitate decision-making and ensures adherence to the required timelines for processing claims. In the context of the insurance industry, while some responsibilities may overlap with other roles, the primary focus of the adjuster is on evaluating claims, collecting information, and reporting back to the insurer regarding the findings. This duty helps maintain transparency and efficiency within the claims management process.