Worker adjustment and retraining notification act (WARN) The 1989 law that requires employers with 100 or more full-time employees to give affected employees 60 days’ written notice of a plant or office closing or other mass layoffs, covers nonprofit
Readjustment period Readjustment period is one- to two-year period immediately following the breadwinner’s death during which time the family should receive
Public adjustor Public adjustor claims adjustor who represents the insured rather than the insurance company and is paid a fee based on the amount of the claim settlement. A public adjustor may be employed in those cases where the insured and insurer cannot resolve a dispute over a
Interest-adjusted method Interest-adjusted method is a method of determining cost to an insured of a life insurance policy that considers the time value of
Independent adjustor Independent adjustor claims adjustor who offers his or her services to insurance companies and is compensated by a fee.
Claims adjustor Claims adjustor is a person who settles claims: an agent, company adjustor, independent adjustor, or public adjustor.
Company adjustor Company adjustor claims adjustor who is a salaried employee representing only one company.
Adjustment bureau Adjustment bureau is an organization for adjusting insurance claims that is supported by insurers
Adjusted balance method Adjusted balance method is a method of calculating finance charges that uses the account balance remaining after adjusting for all transactions posted during the given billing
Adjusted basis Adjusted basis refers price from which to calculate and derive capital gains or losses upon sale of an asset. Account actions such as any stock splits that have occurred since the initial