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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Insurance Regulation | 12% | - Title insurance law requirements
|
| Topic 2: General Insurance Concepts | 3% | |
| Topic 3: Title Exceptions and Procedures for Clearing Title | 21% | - Liens and encumbrances
|
| Topic 4: Title Insurance Principles | - Title search techniques
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. When insuring a mortgage where there are intervening liens that prevent the lender from holding first lien priority, such other liens may be
A) subrogated to the lien of the insured mortgage.
B) restricted to the lien of the subject mortgage.
C) waived to the lien of the subject mortgage.
D) subordinated to the lien of the subject mortgage.
2. Which of the following statements is true concerning an unrecorded deed?
A) it need not contain a legal description
B) it need not name the grantee
C) it does not give constructive notice of ownership
D) it is not valid between the grantor and the grantee
3. Which of the following is NOT the responsibility of the Notary Public when taking an acknowledgment on a Deed, Mortgage or Deed of Trust?
A) sign his or her name on the witness line
B) affix his or her official stamp
C) obtain proper identification from all signers
D) list the expiration date of his or her commission
4. 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 stamp of the notary must be clear and legible and nothing may be written over it.
D) The signatures on the document must be acknowledged.
5. A statement included on a title commitment such as "record warranty deed from the owner shown in Schedule A vesting title in the proposed insured" is an example of a
A) requirement.
B) standard exception.
C) post policy event.
D) condition.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |
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