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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Title Insurance Principles | - Title Insurance Policies
|
| Insurance Industry Overview | - Fundamentals of Insurance Principles
|
| Real Estate and Settlement Procedures | - Closing Process
|
| Ethics and Professional Conduct | - Fiduciary Responsibilities
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Which of the following can be licensed as a title insurance agent?
A) a legal entity
B) an officer of a title company
C) an employee of a title company
D) an approved attorney
2. The MAIN purpose of insurance is to
A) reduce risk.
B) transfer risk.
C) retain risk.
D) alter risk.
3. Which of the following statements is true concerning an unrecorded deed?
A) it does not give constructive notice of ownership
B) it is not valid between the grantor and the grantee
C) it need not contain a legal description
D) it need not name the grantee
4. 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) C
C) B-I
D) B-II
5. The Real Estate Settlement Procedure Act (RESPA), Section 8 violation that refers to a person giving or accepting a fee or "thing of value" for the referral of business is known as a
A) required use.
B) conversion.
C) bundled services.
D) kickback.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |
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