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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Title Insurance Principles | - Title Insurance Policies
|
| Real Estate and Settlement Procedures | - Closing Process
|
| Insurance Industry Overview | - Regulatory Framework
|
| Ethics and Professional Conduct | - Fiduciary Responsibilities
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. What must accompany the satisfaction piece when presented for recording?
A) The final receipt
B) The payment record
C) The original mortgage instrument
D) The certificate of title
2. A statement included on a title commitment such as "record warranty deed from the owner shown in Schedule A vesting title in the proposed insured" is an example of a
A) condition.
B) requirement.
C) post policy event.
D) standard exception.
3. When a land owner uses his land as security for a loan, the encumbrance created is called
A) a promissory note.
B) a mortgage.
C) a special security.
D) an involuntary lien.
4. Which section of a title insurance policy lists the rights of the insurer?
A) conditions
B) exclusions from coverage
C) declarations
D) insuring agreement
5. A leasehold interest in real property ownership is
A) a non insurable interest.
B) an insurable interest.
C) an usury interest.
D) a lien interest.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
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