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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Real Estate and Settlement Procedures | - Legal Concepts
|
| Title Insurance Principles | - Title Search and Examination
|
| Insurance Industry Overview | - Fundamentals of Insurance Principles
|
| Ethics and Professional Conduct | - Fiduciary Responsibilities
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. All of the following are considered valid monuments for the purpose of legally describing real property EXCEPT a
A) iron pin.
B) corner of a recorded subdivision lot.
C) fence line.
D) highway.
2. The MAIN purpose of insurance is to
A) retain risk.
B) reduce risk.
C) transfer risk.
D) alter risk.
3. Which document is recorded in the recorder of deeds?
A) realty transfer tax statement of value
B) civil judgment
C) notice of lis pendens
D) mechanic's lien
4. Who of the following CANNOT be covered by a Closing Protection Letter?
A) Seller.
B) Lender.
C) Purchaser/buyer.
D) Escrow agent.
5. Which of the following is NOT effective with a Quit Claim Deed?
A) Remove clouds on title.
B) Warranty of title.
C) Stops grantor from asserting rights.
D) Conveyance of title interest.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |
