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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Real Estate and Settlement Procedures | - Closing Process
|
| Topic 2: Insurance Industry Overview | - Regulatory Framework
|
| 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. Which document is recorded in the recorder of deeds?
A) realty transfer tax statement of value
B) mechanic's lien
C) civil judgment
D) notice of lis pendens
2. The MAIN purpose of an endorsement is to
A) decrease the premium.
B) modify the policy.
C) describe the covered losses.
D) increase the premium.
3. Which section of a title insurance policy lists the rights of the insurer?
A) declarations
B) insuring agreement
C) exclusions from coverage
D) conditions
4. Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?
A) The addresses of grantees must be provided on a special form appended to the document.
B) The stamp of the notary must be clear and legible and nothing may be written over it.
C) The signatures on the document must be acknowledged.
D) The executed title insurance policy must be sent to the state insurance department.
5. Which of the following is considered a voluntary lien?
A) Mortgage lien.
B) Real estate tax lien.
C) Construction lien.
D) State tax lien.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |
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