According to the Texas Insurance Code, who must be licensed as an adjuster?

In Texas, the requirement for licensing as an adjuster specifically applies to individuals who investigate or adjust losses. This distinction is crucial because adjusters are responsible for determining the extent of the insurance company's liability in the event of a claim. Their role includes evaluating damage, negotiating settlements, and ensuring that all aspects of a claim are handled accurately and in compliance with legal standards.

Individuals who manage claims may work alongside adjusters, but the key task of investigating and adjusting losses is what necessitates a license under the Texas Insurance Code. Similarly, people who advertise insurance or sell insurance policies have different roles that do not involve handling claims directly, thereby not requiring the same licensing as adjusters. Thus, option C correctly identifies the specific group of individuals who must be licensed as adjusters in Texas.