WAEC Commerce 2015 Question 3

Question 3

Insurance

A professional in insurance who evaluates the level of loss for claims is an

  1. A.adjuster.
  2. B.assessor.
  3. C.underwriter.
  4. D.actuary.
Show the answer and explanation

Answer: A (adjuster.)

Explanation

A loss adjuster examines a claim and works out how much loss was suffered; an actuary calculates risks and premiums.