Arkansas Insurance Adjuster Practice Exam

A claimant is:

1. an individual or business that makes a claim for payment after a loss occurs.

2. the initial report filed by an insured after a loss occurs.

3. an individual who has committed an act of negligence.

4. the entity to which an insurance adjuster must report.

The correct answer is: an individual or business that makes a claim for payment after a loss occurs.

A claimant is a person or entity that makes a claim for payment from an insurance company after suffering a loss. This can include individuals or businesses. Option B is incorrect because it refers to an insured's report, which is not the same as a claimant. Option C is incorrect because a claimant does not necessarily have to commit an act of negligence to make a claim. Option D is incorrect because the insurance adjuster reports to the insurance company, not to the claimant.