Definition: Insurance adjuster license refers to a professional license that enables individuals or organizations to work on insurance claims, assess damage, and determine the compensation for losses caused by insurance policies. The purpose of an insurance adjuster license is to ensure that the process of reviewing and assessing insurance claims is conducted in a fair and efficient manner. It requires a thorough background check, training, and examination to ensure that the candidate has knowledge and skills necessary to perform their role effectively. The term "insurance adjuster" refers to a person who works on behalf of an individual or company seeking compensation for damage caused by an insurance policy. Insurance adjusters are typically paid on a percentage basis based on the amount of damage incurred, rather than solely based on the value of the policy itself. In summary, the word "insurance adjuster license" is a professional license that enables individuals to work on insurance claims and assess damages, while insurance adjusters are professionals who assist in reviewing insurance claims.
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