USAA Test Questions with 100% Correct Answers | Verified | Updated 2024

USAA Test Questions with 100% Correct Answers | Verified | Updated 2024 3 basic steps of claims investigation - answerverifying insurance coverage obtain additional information about the claim verify and compare this information what are the 3 types of claim reports - answerinitial 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 - answerTime and Material method Unit cost method In Texas, the signed and sworn proof of loss statement must be sent to the insured claimant within how many days of their insured's claim notification to the insurance carrier? - answer15 days In Texas, the signed and sworn proof of loss statement must be returned to the insurance company by the insured within how many days? - answer91 Days Texas regulations required the insurer to notify the named insured in writing within how many days after the date of the initial settlement offer - answer10 days The insurer must notify the named insured within how many days after the claim is settled - answer30 days what is a declaratory judgment action - answerwhen the insurer presents the coverage question to the court for a decision on coverage Subrogation - answeris the transfer by the insured to the insurance company of the insured's right of recovery against others What is the most common way for an insurance company to pursue subrogation? - answerFile a claim with the responsible party's insurance company