CS Professional · Banking and Insurance - Laws and Practice · Professional Opportunities
After a factory fire, Sunrise Textiles Ltd's insurer needs an independent licensed professional to inspect the site and report on the cause and extent of loss for a general insurance claim. Whom should the insurer appoint?
The insurer should appoint an IRDAI-licensed surveyor and loss assessor. This professional independently inspects the site and reports on cause and extent of the loss. Corporate agents, web aggregators and marketing firms are distribution channels and do not assess claims.
- AIRDAI-licensed surveyor and loss assessorCorrect
- BCorporate agent
- CWeb aggregator
- DInsurance marketing firm
Explanation
For general insurance claims above the prescribed threshold, the insurer appoints a licensed surveyor and loss assessor to investigate cause, extent and quantum of loss. The other options are distribution intermediaries who sell or compare policies and do not assess losses.
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