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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Insurance Concepts | 15% | - Contract law fundamentals - Basic insurance principles - Risk and indemnity |
| Real Property Law | 25% | - Property rights and interests - Conveyance and recording statutes - Liens, encumbrances, and easements |
| Insurance Regulation | 25% | - Unfair trade practices and ethics - Licensing requirements and procedures - Pennsylvania insurance statutes and regulations |
| Title Insurance Principles | 25% | - Exceptions and risk elimination - Title commitments and policy forms - Purpose and function of title insurance - Title search and examination procedures |
| Real Estate Transactions & Settlement | 10% | - Disbursement and record-keeping - Escrow and closing procedures - Policy issuance and delivery |
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
Question 1
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.
Question 2
Which section of a title insurance policy lists the rights of the insurer?
A. exclusions from coverage
B. declarations
C. conditions
D. insuring agreement
Question 3
The process by which a mortgage is enforced against real estate is called a
A. sheriff's sale.
B. trustee sale.
C. forfeiture.
D. non-judicial foreclosure.
Question 4
Which of the following types of deeds provides the purchaser of real estate the greatest protection?
A. quitclaim deed
B. general warranty deed
C. trustee's deed
D. deed in trust
Question 5
Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?
A. The signatures on the document must be acknowledged.
B. The addresses of grantees must be provided on a special form appended to the document.
C. The executed title insurance policy must be sent to the state insurance department.
D. The stamp of the notary must be clear and legible and nothing may be written over it.
Solutions:
| Question 1 Answer: A | Question 2 Answer: C | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: C |
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