Adjuster Fee Cap

Apply a caller-supplied public-adjuster fee rate and cap.

Description

A public-adjuster fee model caps a percentage-based fee and subtracts a retainer already paid.

A public-adjuster fee model caps a percentage-based fee and subtracts a retainer already paid. Excess retainers do not produce a refund output.^[1]

Apply a caller-supplied public-adjuster fee rate and cap.

When to use Adjuster Fee Cap

Use this tool to apply a caller-supplied public-adjuster fee rate and cap.

Prepare the supplied policy terms, dates, assumptions or recorded indicators requested. Keep monetary amounts on one currency basis and select the applicable thresholds separately.

How to use Adjuster Fee Cap and understand its results

Prepare the supplied policy terms, dates, assumptions or recorded indicators requested. Keep monetary amounts on one currency basis and select the applicable thresholds separately.
Enter claimSettlement, feeRatePercent, feeCap, retainerPaid using the field table and calculation rules, then run the tool.
Read uncappedFee, cappedFee, balanceDue, capSavings. The explanation below defines the units, signs, ordering and any flags or placeholder values.
If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.

Input field	Meaning	Value type; see rules below	Requirement
claimSettlement	Claim settlement	number; minimum: 0	Required
feeRatePercent	Adjuster fee rate (%)	number; minimum: 0	Required
feeCap	Caller fee cap	number; minimum: 0	Required
retainerPaid	Retainer paid	number; minimum: 0	Required

Enter nonnegative settlement, rate, cap and retainer. Return uncapped/capped fee, remaining balance and cap savings. Rates are not bounded at 100.

uncapped=settlement×rate/100; fee=min(uncapped,cap); due=max(0,fee−retainer)

Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.

Output field	Meaning	Value type
uncappedFee	Uncapped adjuster fee	number; minimum: 0
cappedFee	Capped adjuster fee	number; minimum: 0
balanceDue	Fee balance due	number; minimum: 0
capSavings	Savings from fee cap	number; minimum: 0

json

{
  "input": {
    "claimSettlement": 100000,
    "feeRatePercent": 10,
    "feeCap": 8000,
    "retainerPaid": 1000
  },
  "output": {
    "uncappedFee": 10000,
    "cappedFee": 8000,
    "balanceDue": 7000,
    "capSavings": 2000
  }
}

Limitations and assumptions

No jurisdictional fee limit, contract validity, refund entitlement or actual payment is determined.

Numeric inputs must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.

Alternative or Complementary methods

Use Fronting Fee: Calculate fronting fees and collateral costs as a share of premium. For a complementary task, use Surrender Charge: Calculate annuity surrender charge after a free-withdrawal allowance.

References

Adjuster Fee Cap — tool.io

Similar or alternative tools

Fronting Fee
Calculate fronting fees and collateral costs as a share of premium.
Surrender Charge
Calculate annuity surrender charge after a free-withdrawal allowance.