Usaa Study guides, Class notes & Summaries
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USAA Test Questions with 100% Correct Answers | Verified | Updated 2024
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USAA Test Questions with 100% Correct Answers | Verified | Updated 2024
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USAA Test Q&A 100% VERIFIED
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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 
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 perc...
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USAA Licensing Exam Questions and answers latest update
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USAA Licensing Exam Questions and answers latest update
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USAA Test Questions and Answers 100% Correct
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USAA Test Questions and Answers 100% Correct 
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 ...
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USAA Licensing Exam Questions and Answers All Correct
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USAA Licensing Exam Questions and Answers All Correct 
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-Mathematical principle used by insurers to predict losses to charge the appropriate premiums 
 
Insurable Interest - Answer-Proof that someone stands to lose financially if a loss occurs; must exist at the time ...
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USAA Practice Test 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...
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USAA AUTO INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS
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Terrorism Risk Insurance Act (TRIA) Answer - 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 Answer - In 2005 legislation was modified and coverage was extended by the Terrorism Risk Insurance Extension Act 
 
FCRA- when, what, and what it stands for Answer - In 1970 the Fair Credit Reporting Act was establish by the federal gov...
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New York USAA Exam Review Questions and Answers 100% Correct
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New York USAA Exam Review Questions and Answers 100% CorrectNew York USAA Exam Review Questions and Answers 100% CorrectNew York USAA Exam Review Questions and Answers 100% CorrectNew York USAA Exam Review Questions and Answers 100% Correct 
 
Watercraft liability, medical expenses and uninsured boaters are coverages provided under which of the following policies? 
 
I. Watercraft. 
II. Homeowners. 
III. Mariners. - ANSWER-I only is correct. 
 
Explanation: 
 
Watercraft policies are designed to...
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USAA Auto Insurance Exam With 100% Correct Answers 2024
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USAA Auto Insurance Exam With 100% Correct Answers 2024
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USAA TEST QUESTIONS AND ANSWERS
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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 
 
 
 
Brainpower 
Read More 
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 ...
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