Usaa Test Questions And Answers 100% Accurate

Which Federal law allows an insurer to obtain an inspection report on a potential insured? {Ans: Fair Credit Reporting Act}What is the purpose of the USA Patriot Act? {Ans: detect and deter terrorism}A disability income policyowner recently submitted a claim for a chronic neck problem that has now resulted in total disability. The original neck injury occurred before the application was taken 5 years prior. The neck injury was never disclosed to the insurer at the time of application. How will the insurer handle this claim? {Ans: Claim will be paid and coverage will remain in force}An individual participant personally received eligible rollover funds from a profit-sharing plan. What is the income tax withholding requirements for this transaction? {Ans: 20% is withheld for income taxes}A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: {Ans: fraternal benefit society}A plan through the Marketplace may be purchased by {Ans: Any legal resident (except those imprisoned)}Which of the following BEST describes a Hospital Indemnity policy? {Ans: Coverage that pays a stated amount per day of a covered hospitalization.}A group-owned insurance company that is formed