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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Real Estate and Settlement Procedures | - Legal Concepts
|
| Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Insurance Industry Overview | - Fundamentals of Insurance Principles
|
| Title Insurance Principles | - Title Search and Examination
|
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 🗳️
Explanation: Only visible for Actual4dump members. You can sign-up / login (it's free).
Which section of a title insurance policy lists the rights of the insurer?
- A. insuring agreement
- B. declarations
- C. conditions
- D. exclusions from coverage
Correct Answer: C 🗳️
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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 🗳️
Which of the following items is least likely to be recorded?
- A. satisfaction of mortgage
- B. bill of sale
- C. mortgage lien
- D. mechanic's lien
Correct Answer: B 🗳️
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In 1990, Eddie granted to Bob an easement to cross Eddie's land to reach some hunting grounds off the highway. The easement was depicted on a plat of survey recorded in the county land records. In 1995, Bob stopped hunting and has not used the easement since. Bob never intends to go back there again. How can Eddie get rid of the easement that crosses his property, so that Eddie can sell the land free of the easement?
- A. Eddie can sell if Bob executes a release of the easement and it is filed at the recorder's office.
- B. The easement can be considered abandoned because Bob no longer hunts and has no intention to use the easement in the future.
- C. Eddie can sell the land without regard for the easement because Bob stopped using it in 1995.
- D. Bob must join Eddie in the execution of the contract to the new buyer to release the new buyer from the effects of the easement.
Correct Answer: A 🗳️
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