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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Topic 2: Insurance Industry Overview | - Regulatory Framework
|
| Topic 3: Title Insurance Principles | - Title Insurance Policies
|
| Topic 4: Real Estate and Settlement Procedures | - Legal Concepts
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
Question #1
A purchaser on a real estate contract has what interest in the subject property?
A. purchaser's interest
B. equitable interest
C. fee simple interest
D. vendee's interest
Question #2
Coverage under a loan policy remains effective
A. during the life of the owner.
B. until the lender assigns the mortgage.
C. until the property is sold.
D. until the secured debt is satisfied.
Question #3
A deed was properly completed and executed. Title to the property passed when the deed was
A. acknowledged.
B. recorded.
C. signed.
D. accepted by the grantee.
Question #4
Which of the following statements is true concerning an unrecorded deed?
A. it is not valid between the grantor and the grantee
B. it does not give constructive notice of ownership
C. it need not name the grantee
D. it need not contain a legal description
Question #5
Which section of a title insurance policy lists the rights of the insurer?
A. exclusions from coverage
B. insuring agreement
C. conditions
D. declarations
Solutions:
| Question #1 Correct Answer: B | Question #2 Correct Answer: D | Question #3 Correct Answer: D | Question #4 Correct Answer: B | Question #5 Correct Answer: C |
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