USAA

Cleanup - schmeelup: T. S. Elliot and Tennessee Williams each had editors. That is what Wikipedia is about - editing and making better.
Rent-a-shills Pd_THOR, Mmxi and Loooper5920 should stop reverting-for-pay and make the changes they want on the discussion page. The text below has cured and ripened for 3 weeks without their comment - yet they revert. Maybe they'd like to wire up my testicles to get me to change my views.

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United Services Automobile Association

USAA logo
Company type	unincorporated reciprocal inter-insurance exchange
Industry	Property and Casualty Insurance
Founded	1922
Headquarters	San Antonio, Texas, USA
Key people	Robert G. Davis, Attorney in Fact Tim Handren, Association Executive Joe Robles, Association Treasurer Greg Schwartz, Chief Disinformation Officer
Products	Insurance, principally, plus Banking, Investing
Revenue	$11.273 billion USD (2004)
Number of employees	~21,000 (2004)
Website	[http://www.usaa.com/

Tuck v. United Services Automobile Ass'n, 859 F.2d 842 (10th Cir. 1988) [1] tells us that:

USAA is an unincorporated association, an unincorporated reciprocal inter-insurance exchange; and the sum of the ~2.2 million contemporaneous subscribers who operate through an attorney in fact. That conclusion is settled law.

USAA's 2004 Statutory Report to the Texas Department of Insurance [2] reads as follows:

USAA is a reciprocal interinsurance exchange domiciled in Texas. USAA's membership is limited to commissioned, warrant and non-commissioned officers in the United States Military Services, cadets and midshipmen and other candidates for commission; employees of USAA and widows of the aforementioned categories.

Two complete histories of USAA can be had here [3] and here [4].

Everything (and more) that you ever wanted to know about Reciprocal Inter-insurance Exchanges can be had here [5].

Most of the questions which are not answered in either USAA's statutory reports to the Texas Department of Insurance, the 2 histories of USAA, or Reinmuth's book on reciprocals, can be found in this interesting document [6]

The sturm und drang which it has taken to bring the reader these elemental core documents, including 7 days in solitary confinement for Robert J. Koenig, will boggle the reader's mind. The reader is cautioned to pretty much disregard any of the 4-color gutter-bleed annual reports which are sent out by USAA - as they are for the most part pure rubbish. Read USAA's statutory annual report for the facts.

Discussion:

The only members of the unincorporated membership association at any given moment are those persons who have in force an executed ["subscriber agreement"] which must be read in conjunction with the ["by-laws"]

Additionally, the unincorporated association also offers all comers (without regard to membership in the unincorporated reciprocal inter-insurance exchange) the chance to purchase banking services through the USAA Federal Savings Bank; life insurance through a captive subsidiary; financial planning; and discount brokerage and investment services including a line of mutual funds. Other ventures include a real estate investment company, a mail-order retail catalog operation, and travel services.

When acting as an insurer, USAA operates as an unincorporated reciprocal inter-insurance exchange URIE under the Texas Insurance Code [7].

USAA simultaneously possesses the characteristics of an "association", a "club", a "corporation", a "sole proprietorship", a "partnership", a "financial services company", an "insurance holding company", an "LLC", a "limited partnership", and finally, simply and perhaps most properly an "unincorporated reciprocal inter-insurance exchange"

Although USAA extends membership primarily to current and former U.S. military personnel and their families, anyone can become a member by either opening a bank account/investment account, purchasing life insurance, or becoming a limited partner in one of USAA Real Estate Company's tax advantaged limited partnerships. Only military service members and (curiously) FBI agents and their families can obtain automobile and homeowner's insurance from USAA.

As of 2004 USAA had over $81 billion in assets under management for approximately 5 million customers: this claim remains completely and absolutely unsubstantiated.

USAA's predecessor, the U. S. Army Automobile Association, was founded in 1922 by a group of Army officers who were seconded to San Antonio, Texas. The reason why USAA was founded was because local insurance companies would not offer insurance to the officers - for reasons best known to the insurance companies themselves. Some believe that Army officers reputation for erratic driving habits may have been a factor in discouraging local San Antonio insurance companies from offering policies to San Antonio Army officers.

rent-a-shills

Many of these people (USAA rent-a-shills) have sworn to uphold the US Constitution. They may freely have their say on Wikipedia: but instead, they conspire to simply put down the expressions of others by reverting to text supplied by the USAA PR department. Their conduct is becoming an inceasingly valid allegory for US foreign and domestic policy when it comes to "freedom of expression".

Pd_THOR
Mmxi
Loooper5920
Jasonm

What we have here, above, is a clearly orchestrated and organized effort by a large group of people who are acting in concert to suppress the dissemination of information. I strongly urge the rent-a-shills who make no contribution and express no opinion - but who act in concert to intimidate and suppress the expression of what they acknowledge to be one person who is expressing a considered and well researched opinion - I strongly suggest that you read these Federal Statutes:

18 USC § 1951 [Hobbs Act]
18 USC § 241 [Conspiracy Against Rights]
18 USC § 242 [Deprivation of Rights Under Color of Law]
18 USC § 245 [Federally Protected Activities]