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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Insurance Regulation | 12% | - Licensing
|
| Topic 2: General Insurance Concepts | 3% | |
| Topic 3: Title Exceptions and Procedures for Clearing Title | 21% | - Property-related issues
- Liens and encumbrances
|
| Topic 4: Title Insurance Principles | - Insurable interests
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. A state tax lien filed in the county where the taxpayer owns property is
A) a lien that remains in force for a 3-year period.
B) a lien against any property owned by the taxpayer in the county.
C) only a lien against the property described in the lien.
D) only a lien upon the sale of the property.
2. The effective date on a title commitment is the date
A) the public records were verified to.
B) the commitment is issued.
C) of the last recording on record.
D) the order was completed.
3. Coverage under a loan policy remains effective
A) until the secured debt is satisfied.
B) until the property is sold.
C) during the life of the owner.
D) until the lender assigns the mortgage.
4. When a land owner uses his land as security for a loan, the encumbrance created is called
A) a special security.
B) an involuntary lien.
C) a promissory note.
D) a mortgage.
5. Which of the following statements is true concerning an unrecorded deed?
A) it need not name the grantee
B) it need not contain a legal description
C) it does not give constructive notice of ownership
D) it is not valid between the grantor and the grantee
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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