Final answer:
An adjuster is the professional responsible for representing either party in the case of insurance claims, determining the extent of the insurer's liability. The correct answer is option c).
Step-by-step explanation:
In the context of insurance claims, the person who represents either party is the adjuster. An adjuster is a professional who is tasked with investigating insurance claims to determine the extent of the insuring company's liability. The adjuster works to assess the damages and negotiate settlement terms.
This role is separate from the claimant, who is the person or entity asserting the claim, the insurer, which is the insurance company providing the coverage, and the beneficiary, who is the person entitled to benefits from an insurance policy.
Insurance works as a method of protecting individuals from financial loss. Policyholders make regular payments (premiums) to an insurance entity, which, in turn, provides compensation when a covered financial loss occurs. This system helps distribute risk and offers a money-back guarantee in case specified adverse events occur.