An independent person hired by an Insurance Company to be responsible on behalf of the Company for claims settlement.
An independent person hired by an Insurance Company to be responsible on behalf of the Company for claims settlement.
Designed to adjust policy benefits in relation to the change in the economic climate. The majority of such riders are tied to changes in the Consumer Price Index (CPI). The amount of insurance may be automatically increased, without evidence of insurability, at predetermined periods for a maximum amount.