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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:

SectionObjectives
Title Insurance Principles- Title Insurance Policies
  • 1. Owner vs lender policies
    • 2. Covered risks and exclusions
      - Title Search and Examination
      • 1. Public records and title defects
        • 2. Chain of title
          Insurance Industry Overview- Fundamentals of Insurance Principles
          • 1. Risk concepts and types of risk
            • 2. Insurance contract basics
              - Regulatory Framework
              • 1. Licensing requirements and compliance
                • 2. State insurance regulations (Pennsylvania)
                  Real Estate and Settlement Procedures- Closing Process
                  • 1. Escrow handling
                    • 2. Settlement statements (HUD-1 / Closing Disclosure)
                      - Legal Concepts
                      • 1. Liens and encumbrances
                        • 2. Deeds and conveyancing
                          Ethics and Professional Conduct- Fiduciary Responsibilities
                          • 1. Duties of insurance producers
                            • 2. Consumer protection standards

                              Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:

                              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
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

                              The MAIN purpose of insurance is to

                              • A. reduce risk.
                              • B. transfer risk.
                              • C. retain risk.
                              • D. alter risk.
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

                              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
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

                              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
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

                              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.
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

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