Usaa Study guides, Class notes & Summaries

USAA API STUDY GUIDE QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS

Qualify Customers Travel Plans "Thank you Mr/Mrs _______ (Member), I see you have ___ USAA Reward points available to use today. "" "Where will you be traveling to and from?" "What dates did you have in mind?" "How many passengers will be traveling?" Form of Payment The following verbiage should be used when payment is due on a reservation "Mr/Mrs. Customer, your out of pocket expense is $XX.XX. Would you like to put the this amount on your USAA Rewards card today?" Dec...

New York USAA exam review 2023/2024 questions and answers

USAA Licensing Exam With 100% Correct Answers 2024

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...

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...

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 have on hand...

USAA LICENSING EXAM/QUESTIONS WITH COMPLETE DETAILED SOLUTIONS/ANSWERED 2024 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 o...

USAA Chapter 2 Exam With 100% Correct Answers 2024

USAA Questions and Answers Already Passed 3 basic steps of claims investigation verifying insurance coverage obtain additional information about the claim verify and compare this information what are the 3 types of claim reports 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 Time and Material method Unit cost method In Texas, the signed and sworn proof of los...