Usaa test Study guides, Class notes & Summaries

What type of reinsurance contract involves two companies automatically sharing their risk exposure? treaty A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a risk retention group What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained? Fair Credit Reporting Act The stated amount or percent of liquid assets that an insurer must hav...

USAA Test (License) Questions With Correct Answers

USAA Test (License) Questions with Correct Answers USAA Test (License) Questions with Correct Answers

USAA Test Questions and Answers 100% Correct ___ of continuing education MUST be completed in the classroom or classroom equivalent. - 50% A 55-year-old recently received a $30,000 distribution from a previous employer's 401k plan, minus $6,000 withholding. Which federal taxes apply if none of the funds were rolled over? - Income taxes plus a 10% penalty tax on $30,000 A 66 year old is covered under a group health plan while employed with a business that has 40 employees. If she injurers...

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 What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained? Answer - Fair Credit Reporting Act The stated amount or percent of liquid assets that an insu...

USAA Test (License) Questions with Correct AnswersWhat 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 What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained? Answer- Fair Credit Reporting Act

USAA Test (License) Questions with Correct Answers USAA Test (License) Questions with Correct Answers

USAA Test (License) Questions with Correct Answers USAA Test (License) Questions with Correct Answers

USAA Test (License) Questions with Correct Answers