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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Title Exceptions and Procedures for Clearing Title | 21% | - Property-related issues
|
| Title Insurance Principles | - Insurable interests
| |
| General Insurance Concepts | 3% | |
| Insurance Regulation | 12% | - State regulation
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. On what schedule of a title commitment would you find an easement that is proposed to be an exception from policy coverage?
A) A
B) B-I
C) C
D) B-II
2. What requirements define which closing costs are allowable as charges to the borrower?
A) FHA
B) State
C) RESPA
D) ALTA
3. The commissioner may refuse to issue a license if the applicant
A) is not a resident of Pennsylvania.
B) is 20-years of age.
C) provided incorrect information on licensing application.
D) has allowed an insurance license to lapse.
4. Which of the following parties can file a claim under the provisions of a title policy?
A) The taxing authority with jurisdiction over the insured property.
B) The holder of an undisclosed interest in the insured property.
C) The holder of a judgment against the insured.
D) The insured named under the policy.
5. A purchaser on a real estate contract has what interest in the subject property?
A) purchaser's interest
B) equitable interest
C) fee simple interest
D) vendee's interest
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |
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