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[Show more]USAA Licensing Exam QUESTIONS 
AND ANSWERS | VERIFIED UPDATE 
Insurance - ANSWER Transfer of risk from one person or organization to 
an insurance company 
Indemnity - ANSWER The principle to restore the insured to the pre-loss 
economic or financial condition. 
Law of Large numbers - ANSWER Math...
Preview 3 out of 25 pages
Add to cartUSAA Licensing Exam QUESTIONS 
AND ANSWERS | VERIFIED UPDATE 
Insurance - ANSWER Transfer of risk from one person or organization to 
an insurance company 
Indemnity - ANSWER The principle to restore the insured to the pre-loss 
economic or financial condition. 
Law of Large numbers - ANSWER Math...
USAA API REAL EXAM TEST 
PREP QUESTIONS WITH 
ANSWERS 
Describe what happened in the case of Paul vs. Virginia. Include proximate 
dates and court decisions. - ANSWER This was the first case to regulate 
insurance. Paul challenged the right of the state to regulate insurance by 
refusing to obt...
Preview 2 out of 14 pages
Add to cartUSAA API REAL EXAM TEST 
PREP QUESTIONS WITH 
ANSWERS 
Describe what happened in the case of Paul vs. Virginia. Include proximate 
dates and court decisions. - ANSWER This was the first case to regulate 
insurance. Paul challenged the right of the state to regulate insurance by 
refusing to obt...
USAA Test Q&A 100% VERIFIED 
What type of reinsurance contract involves two companies automatically 
sharing their risk exposure? - ANSWER treaty 
A group-owned insurance company that is formed to assume and spread 
the liability risks of its members is known as a - ANSWER risk retention 
group 
...
Preview 3 out of 24 pages
Add to cartUSAA Test Q&A 100% VERIFIED 
What type of reinsurance contract involves two companies automatically 
sharing their risk exposure? - ANSWER treaty 
A group-owned insurance company that is formed to assume and spread 
the liability risks of its members is known as a - ANSWER risk retention 
group 
...
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