What is an Insurance Loss Adjuster?

• "Private Investigators" of the Insurance Industry.
• Independent professional or appointed by the insurance company.
• Duties are to investigate, assess/adjust and estimate the total cost of a loss or damage.
• Recommendations and settlement amount.
• Must be corporation and licensed by the Insurance Regulator (BNM).
• Charge professional fees/services.
• Member of the Association of Malaysian Loss Adjusters (AMLA).
• Adjusters must be qualified, experienced, good character (integrity), fair and impartial.
• Minimum Paid Up Capital - RM150,000.

<< Previous Question | FAQ Main | Next Question >>