USAA LICENSING EXAM TESTS COMBINED

USAA API REAL EXAM TEST PREP QUESTIONS WITH ANSWERS Describe what happened in the case of Paul vs. Virginia. Include proximate dates and court decisions. - ANSWER This was the first case to regulate insurance. Paul challenged the right of the state to regulate insurance by refusing to obt...

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 ...

USAA Auto Insurance Terms EXAM QUESTIONS CORRECTLY ANSWERED 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 i...

USAA Auto Insurance Terms EXAM QUESTIONS CORRECTLY ANSWERED New York USAA EXAM QUESTIONS CORRECTLY ANSWERED Watercraft liability, medical expenses and uninsured boaters are coverages provided under which of the following policies? I. Watercraft. II. Homeowners. III. Mariners. - ANSWER I ...

USAA P&C Insurance Adjuster EXAM QUESTIONS CORRECTLY ANSWERED Perils - ANSWER Causes of loss identified in the policy (Fire, lightening, internal explosion ,Wind, Hail, Collision) Hazard - ANSWER Condition that create or increases the chance or loss or contributes to the loss Physical Hazar...

USAA TEST EXAM QUESTIONS CORRECTLY ANSWERED 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 r...

USAA EXAM QUESTIONS CORRECTLY ANSWERED 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( inter...

USAA Licensing Exam QUESTIONS CORRECTLY ANSWERED Insurance - ANSWER Transfer of risk from one person or organization to an insurance company What is Indemnity? - ANSWER The principle to restore the insured to the pre-loss economic or financial condition. Law of Large numbers - ANSWER Mathe...