Usaa auto insurance - Study guides, Class notes & Summaries

USAA Questions and Answers Already Passed 3 basic steps of claims investigation verifying insurance coverage obtain additional information about the claim verify and compare this information what are the 3 types of claim reports initial for first field -( 24hrs to 7 days( interim or status report - (15-30 days informed) full formal report what are the 2 methods to making estimates for claims Time and Material method Unit cost method In Texas, the signed and sworn proof of los...

New York USAA Exam Review 2023/2024 Questions and Answers Watercraft liability, medical expenses and uninsured boaters are coverages provided under which of the following policies? I. Watercraft. II. Homeowners. III. Mariners. - ️️ I only is correct. Explanation: Watercraft policies are designed to cover boats used primarily on fresh water streams and lakes. It is a package policy providing several coverages including hull, motor and trailer coverage along with liability coverage. ...

FL Statutes, Rules, & Regulations (Sect. 2, Pt. 1&2)(in progress) Exam with Complete Solutions | Verified & Updated Chief Financial Officer (a.k.a. the Treasurer) - Answer️️ - - responsible for administering the laws - heads the DFS Primary Responsibilities of the Department of Financial Services - Answer️️ - - issuing licenses (Agents, CSRs, Adjusters) - supervising claims activities of companies - investigate charges of unethical conduct Divisions of DFS - Answer️️ - - un...

USAA Auto Insurance Terms Exam Questions and Answers Terrorism Risk Insurance Act (TRIA) - ️️ In 2002- the availability of reinsurance coverage against terrorism. If there is a terrorist act then the federal government is responsible in paying the insurer for any damage. What is TRIEA and when did it happen - ️️ In 2005 legislation was modified and coverage was extended by the Terrorism Risk Insurance Extension Act FCRA- when, what, and what it stands for - ️️ In 1970 the Fair ...

Suppose that the Federal Reserve announces that it will sell a large amount of T-bills. This action will have ripple effects through the economy. What is the likely impact on the stock market? Decrease in the value of stocks - correct answer Decrease in the value of stocks Mortgage backed securities are often created with different tranches such as AAA, A, BBB. Which of the following statements is incorrect regarding the differences between these tranches...

New York USAA Exam Review With 100% Correct Answers Watercraft liability, medical expenses and uninsured boaters are coverages provided under which of the following policies? I. Watercraft. II. Homeowners. III. Mariners. - answerI only is correct. Explanation: Watercraft policies are designed to cover boats used primarily on fresh water streams and lakes. It is a package policy providing several coverages including hull, motor and trailer coverage along with liability coverage. Under ...

Chief Financial Officer (a.k.a. the Treasurer) - Answer - responsible for administering the laws - heads the DFS Primary Responsibilities of the Department of Financial Services - Answer - issuing licenses (Agents, CSRs, Adjusters) - supervising claims activities of companies - investigate charges of unethical conduct Divisions of DFS - Answer - unclaimed property - insurance agent & agency services - consumer services Consumer Services Division of DFS - Answer receives inquiries &...

Property and Casualty Adjuster Exam Questions and Answers 100% Pass Staff Adjusters - Answer- are on the payroll of an insurance company Independent adjusters - Answer- Usually handle claims for more than one company and receive a fee based on time and expense. Contractors - Answer- May work for a comapny that furnishes adjusters for the handling of catasrophic losses. They are paid in the same manner as independent adjusters. Public Adjusters - Answer- Work on behalf of the insured in ne...

USAA Test Review with Complete Questions and Answers 100% Correct 3 basic steps of claims investigation -ANS- verifying insurance coverage obtain additional information about the claim verify and compare this information what are the 3 types of claim reports -ANS- initial for first field -( 24hrs to 7 days( interim or status report - (15-30 days informed) full formal report what are the 2 methods to making estimates for claims -ANS- Time and Material method Unit cost method In T...

USAA Exam Questions with Correct Answers 3 basic steps of claims investigation - Answer-verifying insurance coverage obtain additional information about the claim verify and compare this information what are the 3 types of claim reports - Answer-initial for first field -( 24hrs to 7 days( interim or status report - (15-30 days informed) full formal report what are the 2 methods to making estimates for claims - Answer-Time and Material method Unit cost method In Texas, the signed and...