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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Real Estate and Settlement Procedures | - Closing Process
|
| Title Insurance Principles | - Title Insurance Policies
|
| Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Insurance Industry Overview | - Fundamentals of Insurance Principles
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
Coverage under a loan policy remains effective
- A. until the secured debt is satisfied.
- B. until the lender assigns the mortgage.
- C. during the life of the owner.
- D. until the property is sold.
Correct Answer: A 🗳️
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A notarized deed ensures that the
- A. title is transferred.
- B. deed is legally binding.
- C. title is clear.
- D. deed can be recorded.
Correct Answer: D 🗳️
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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 executed title insurance policy must be sent to the state insurance department.
- C. The signatures on the document must be acknowledged.
- D. The stamp of the notary must be clear and legible and nothing may be written over it.
Correct Answer: B 🗳️
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To satisfy a mortgage of record, which of the following must be filed?
- A. a mortgage satisfaction
- B. a certified copy of original mortgage
- C. an original note
- D. a payoff statement
Correct Answer: A 🗳️
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What is the purpose of probate of an estate?
- A. to establish heirs
- B. to transfer a deceased's debts
- C. to avoid inheritance tax
- D. to foreclose a lien
Correct Answer: A 🗳️
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