USAA Licensing Exam Questions and Correct Answers | Latest Update 2026/2027 | Graded A+
Question 1: What is the primary purpose of insurance?
• A) To increase investment returns
• B) To transfer risk from one person or organization to an insurance company
• C) To eliminate all possibility of loss
• D) To accumulate wealth over time
Answer: B
Rationale: Insurance is fundamen...