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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Insurance Industry Overview | - Fundamentals of Insurance Principles
|
| Topic 2: Real Estate and Settlement Procedures | - Legal Concepts
|
| Topic 3: Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Topic 4: Title Insurance Principles | - Title Insurance Policies
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. The MAIN purpose of an endorsement is to
A) decrease the premium.
B) describe the covered losses.
C) modify the policy.
D) increase the premium.
2. A purchaser on a real estate contract has what interest in the subject property?
A) vendee's interest
B) equitable interest
C) purchaser's interest
D) fee simple interest
3. Which of the following items is least likely to be recorded?
A) mortgage lien
B) bill of sale
C) satisfaction of mortgage
D) mechanic's lien
4. What must accompany the satisfaction piece when presented for recording?
A) The final receipt
B) The payment record
C) The certificate of title
D) The original mortgage instrument
5. Which of the following is NOT effective with a Quit Claim Deed?
A) Conveyance of title interest.
B) Remove clouds on title.
C) Warranty of title.
D) Stops grantor from asserting rights.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C |
