What is his responsibility & duty?

• declaring whether he has any interest in the subject- matter in question or whether it pertains to any of his relatives, business partners or through material shareholding;
  
  Explanation: For the purpose of this clause ‘relatives’ shall mean any of the relatives as mentioned in Schedule IA to the Companies Act, 1956; What is his responsibility & duty?


• maintaining confidentiality and neutrality without jeopardising the liability of the insurer and claim of the insured;


• conducting inspection and re-inspection of the property in question suffering a loss;


• examining, inquiring, investigating, verifying and checking upon the causes and the circumstances of the loss in question including extent of loss, nature of ownership and insurable interest;


• conducting spot and final surveys, as and when necessary and comment upon franchise, excess/under insurance and any other related matter;


• estimating, measuring and determining the quantum and description of the subject under loss;


• advising the insurer and the insured about loss minimisation, loss control, security and safety measures, wherever appropriate, to avoid further losses;


• commenting on the admissibility of the loss as also observance of warranty conditions under the policy contract;


• surveying and assessing the loss on behalf of insurer or insured;


• assessing liability under the contract of insurance;


• pointing out discrepancy, if any, in the policy wordings;


• satisfying queries of the insured/insurer and of persons connected thereto in respect of the claim/loss;


• recommending applicability of depreciation and the percentage and quantum of depreciation;


• giving reasons for repudiation of claim, in case the claim is not covered by policy terms and conditions;


• taking expert opinion, wherever required; commenting on salvage and its disposal wherever necessary.