Claim Adjustment
/ˈkleɪm əˌdʒʌstmənt/
Definitions
- (n.) The process of modifying or correcting a submitted insurance claim to reflect accurate payment, coverage, or liability determinations.
The insurer initiated a claim adjustment after discovering billing errors in the submitted invoice.
Forms
- claim adjustment
- claim adjustments
Related terms
See also
Commentary
Typically used in insurance law and claims administration; precision in documenting reasons for adjustment aids dispute resolution.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.