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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Concepts | 3% | |
| Topic 2: Insurance Regulation | 12% | - Licensing
|
| 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:
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.
Correct Answer: B 🗳️
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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.
Correct Answer: A 🗳️
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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.
Correct Answer: A 🗳️
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.
Correct Answer: D 🗳️
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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
Correct Answer: C 🗳️
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