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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Title Insurance Principles | - Title Search and Examination
|
| Topic 2: Insurance Industry Overview | - Fundamentals of Insurance Principles
|
| Topic 3: Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Topic 4: Real Estate and Settlement Procedures | - Closing Process
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. An insurer charges a higher premium for insurance because of someone's race, marital status, or age. This is an example of
A) rebating.
B) unfair coercion.
C) unfair discrimination.
D) illegal inducement.
2. Title insurance NOT covering the insured for unpaid property taxes, which are NOT known at the time of closing, would be considered a
A) covenant.
B) judgment.
C) federal lien.
D) standard exception.
3. The process by which a mortgage is enforced against real estate is called a
A) forfeiture.
B) sheriff's sale.
C) non-judicial foreclosure.
D) trustee sale.
4. What must accompany the satisfaction piece when presented for recording?
A) The payment record
B) The final receipt
C) The certificate of title
D) The original mortgage instrument
5. Which of the following is NOT the responsibility of the Notary Public when taking an acknowledgment on a Deed, Mortgage or Deed of Trust?
A) obtain proper identification from all signers
B) affix his or her official stamp
C) sign his or her name on the witness line
D) list the expiration date of his or her commission
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C |
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