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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Insurance Regulation | 12% | - State regulation
|
| Topic 2: Title Insurance Principles | - Policy structure
| |
| Topic 3: Title Exceptions and Procedures for Clearing Title | 21% | - Liens and encumbrances
|
| Topic 4: General Insurance Concepts | 3% |
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. An insurance licensee must do all of the following in order to renew an insurance license EXCEPT
A) complete the continuing education requirements, if applicable.
B) submit to the department a completed renewal form.
C) hold active insurer appointment(s).
D) pay the required renewal fee.
2. 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) standard exception.
B) condition.
C) requirement.
D) post policy event.
3. Which of the following can be licensed as a title insurance agent?
A) a legal entity
B) an employee of a title company
C) an approved attorney
D) an officer of a title company
4. Under the terms of a title insurance policy, when a disputed claim is decided by a neutral third party, the process is called
A) subrogation.
B) arbitration.
C) litigation.
D) indemnification.
5. 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) list the expiration date of his or her commission
B) obtain proper identification from all signers
C) affix his or her official stamp
D) sign his or her name on the witness line
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |
