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

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USAA Practice Test Questions with Correct Answers 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 st...

USAA LICENCE TEST WITH COMPLETE QUESTIONS AND ANSWERS...

USAA Test Questions with 100% Correct Answers | Verified | Updated What type of reinsurance contract involves two companies automatically sharing their risk exposure? - answertreaty A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a - answerrisk retention group What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained? - answerFair Credit Reporting ...

USAA Practice Test Questions with Correct Answers 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 s...

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 Chapter 2 Test Questions with Complete Solutions Agent - Answer-One who recieves the authority to act on behalf of someone else. Contracts - Answer-Agents recieve authority by written __________________. What does it mean that the agent has authrotity to bind? - Answer-The agent should take the utmost care with his words and actions because the insurer may have to live with the agents decisions and mistakes. What are the three major responsibilities of contracted agents? - Answ...

USAA Chapter 2 Test Questions with Complete Solutions (2) Agent - Answer-One who recieves the authority to act on behalf of someone else. What does it mean that the agent has authrotity to bind? - Answer-The agent should take the utmost care with his words and actions because the insurer may have to live with the agents decisions and mistakes. What are the three major responsibilities of contracted agents? - Answer-Adhree to or follow the contract, use resonable judgement and care at ...