Usaa test exam 2024 - Study guides, Class notes & Summaries

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...

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...

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...