Arkansas Insurance Adjuster Practice Exam 2025 - Free Insurance Adjuster Practice Questions and Study Guide

Question: 1 / 400

Which statement is FALSE about an insurance adjuster acting as a fiduciary agent?

The adjuster may not act with any notion of self-interest.

The adjuster may not give the claimant materials showing how he came up with a settlement amount.

An insurance adjuster acting as a fiduciary agent is responsible for acting in the best interest of the claimant and must not have any self-interest in the outcome. This means that the adjuster cannot benefit in any way from the settlement process. Therefore, options A, C, and D are correct statements about an insurance adjuster acting as a fiduciary agent. Option B is false because the adjuster is required to provide the claimant with a full explanation of how they arrived at the settlement amount, including supporting materials. This is necessary for transparency and fairness in the process.

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The adjuster may not profit from the relationship without consent.

The adjuster cannot maintain a conflict of interest.

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