After investigating a liability claim for injury, from whom does the loss adjuster usually receive payment of fees?

Prepare for the CII Certificate in Insurance - Insurance, Legal and Regulatory (IF1) Exam with interactive questions. Each question comes with hints and detailed explanations. Equip yourself for success!

The loss adjuster typically receives their fees from the insurer because they are acting on behalf of the insurance company to assess the validity and extent of a claim. The role of a loss adjuster includes investigating the circumstances surrounding the claim, evaluating the damage, and determining the appropriate amount of compensation based on the policy in place. Since the insurer is the party that ultimately pays out the claim if it is found valid, it is also responsible for covering the operational costs of assessing that claim, which includes the fees for the loss adjuster’s services.

In contrast, while the insured may have initially filed the claim, they are generally not responsible for paying the loss adjuster directly. The negligent third party is typically not involved in the payment process as they may not be liable for the adjuster's fees unless there is a subsequent legal decision in a liability claim situation. Additionally, the third party's insurer may handle claims from their policyholder's perspective, but again, the loss adjusters are tied to the insurer they represent in terms of payment. Therefore, the correct answer clearly establishes the standard practice in the insurance industry regarding the payment of loss adjuster's fees.

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