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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: General Insurance Concepts3%
Topic 2: Insurance Regulation12%- Licensing
  • 1. Expiration
    • 2. Cease and desist orders
      • 3. Disciplinary actions
        • 4. Address change
          • 5. Title producer additional requirements
            • 6. Reporting of actions
              • 7. Persons to be licensed
                • 8. Appointment procedures
                  • 9. Licensing process
                    • 10. Revocation, suspension, nonrenewal or denial of license
                      • 11. General requirements
                        • 12. Maintenance and duration
                          • 13. Continuing education
                            • 14. Assumed names
                              • 15. Renewal
                                - Company regulation
                                • 1. Rates regulation
                                  • 2. Solvency requirements
                                    • 3. Unfair claims settlement practices
                                      - State regulation
                                      • 1. Commissioner's general duties and powers
                                        - Title insurance law requirements
                                        • 1. Examination of title required
                                          - Producer regulation
                                          • 1. Prohibited acts
                                            • 2. Record keeping
                                              • 3. Charges for extra services
                                                • 4. Unfair inducements and marketing practices
                                                  - Federal regulation
                                                  • 1. Fair Credit Reporting Act
                                                    • 2. Fraud and false statements (18 USC 1033/1034)
                                                      - Unfair trade practices
                                                      • 1. Unfair discrimination
                                                        • 2. Boycott, coercion or intimidation
                                                          • 3. Twisting
                                                            • 4. Misrepresentation
                                                              • 5. Defamation
                                                                • 6. Rebates and inducements
                                                                  • 7. False advertising
                                                                    Topic 3: Title Exceptions and Procedures for Clearing Title21%- Property-related issues
                                                                    • 1. Surveys
                                                                      • 2. Mineral rights
                                                                        • 3. Equitable interests
                                                                          • 4. Water rights
                                                                            • 5. Condominiums
                                                                              • 6. Attachments
                                                                                - General exceptions
                                                                                - Liens and encumbrances
                                                                                • 1. Voluntary liens
                                                                                  • 2. Judgments
                                                                                    • 3. Federal liens
                                                                                      • 4. Involuntary liens
                                                                                        • 5. Taxes and assessments
                                                                                          Topic 4: Title Insurance Principles- Insurable interests
                                                                                          • 1. Easements
                                                                                            • 2. Fee simple estate
                                                                                              • 3. Life estate
                                                                                                • 4. Leasehold estate
                                                                                                  - Risks covered by title insurance
                                                                                                  • 1. Hidden off-record risks
                                                                                                    • 2. Errors by producer
                                                                                                      • 3. Errors in public records
                                                                                                        - Policy structure
                                                                                                        • 1. Exclusions
                                                                                                          • 2. Insuring provisions
                                                                                                            • 3. Schedule B exceptions
                                                                                                              • 4. Conditions and stipulations
                                                                                                                • 5. Schedule A
                                                                                                                  • 6. Endorsements
                                                                                                                    - Title search techniques
                                                                                                                    • 1. Chain sheet
                                                                                                                      • 2. Hard copy index
                                                                                                                        • 3. Computer index
                                                                                                                          - Title insurance policies
                                                                                                                          • 1. Commitments
                                                                                                                            • 2. Loan policy
                                                                                                                              • 3. Leasehold policy
                                                                                                                                • 4. Enhanced policies
                                                                                                                                  • 5. Owner's policy

                                                                                                                                    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.
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    Correct Answer: B  🗳️

                                                                                                                                    Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                                                                                                                    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.
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    Correct Answer: A  🗳️

                                                                                                                                    Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                                                                                                                    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.
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    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.
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    Correct Answer: D  🗳️

                                                                                                                                    Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

                                                                                                                                    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
                                                                                                                                    Reveal Solution  Discussion  0

                                                                                                                                    Correct Answer: C  🗳️

                                                                                                                                    Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).

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