Final answer:
The most likely responsibility NOT held by Don, an insurance adjuster, is developing marketing strategies for insurance products, as adjusters focus on claims rather than marketing. So the correct answer is option 1,2,4.
Step-by-step explanation:
Don works as an adjuster for ABC Insurance, and typically, an adjuster's duties involve evaluating insurance claims submitted by policyholders, negotiating settlements with claimants, and investigating the circumstances surrounding reported accidents to ensure fair and accurate claim settlement.
Therefore, the responsibility that is most likely NOT one of Don's responsibilities is Developing marketing strategies for insurance products, which is generally a task for the marketing department rather than for an adjuster, whose main focus is on claim-related activities.
Administrative costs, which include hiring workers and processing insurance claims, are significant for insurance companies, along with the premiums and claims payments. Adjusters like Don play a key role in the containment of these costs by accurately assessing claims and determining appropriate settlements.
The insurance industry needs to carefully manage risk groups and avoid adverse selection, which is why adjusters are critical in not only resolving claims but also in providing data that helps in pricing insurance correctly for various risk groups.