average adjuster
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 298 U.S. 483 - United States v. Atlantic Mutual Insurance · 1936Most cited · 61 citing opinions
The adjuster was not an arbitrator, nor was the statement anything more than a provisional estimate and calculation which his principal, the owner, was free to adopt or to put aside. In the absence of some stipulation on the subject, and there was none, his function was only that of aiding or assisting the owner in gathering and stating data and making appropriate calculations as a suggested basis for an adjustment to be made by the owner, or under the owner's direction.