Exam Code: PA-Title-Insurance-Agent
Exam Name: Pennsylvania Producers Examination for Title Insurance Series 16-10
Certification Provider: Insurance Licensing
Corresponding Certification: Pennsylvania Insurance Licencing (PAIN)
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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:

SectionWeightObjectives
General Insurance Concepts15%- Contract law fundamentals
- Basic insurance principles
- Risk and indemnity
Title Insurance Principles25%- Purpose and function of title insurance
- Exceptions and risk elimination
- Title commitments and policy forms
- Title search and examination procedures
Real Estate Transactions & Settlement10%- Disbursement and record-keeping
- Escrow and closing procedures
- Policy issuance and delivery
Insurance Regulation25%- Pennsylvania insurance statutes and regulations
- Licensing requirements and procedures
- Unfair trade practices and ethics
Real Property Law25%- Conveyance and recording statutes
- Liens, encumbrances, and easements
- Property rights and interests

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

According to the Fair Credit Reporting Act, an insurer needs to do all of the following, EXCEPT

  • A. inform the applicant about the scope of an investigation.
  • B. inform the applicant that an investigation is being conducted.
  • C. discuss any credit history inconsistencies with the applicant.
  • D. notify the applicant if an application is denied.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Coverage under a loan policy remains effective

  • A. until the property is sold.
  • B. until the lender assigns the mortgage.
  • C. during the life of the owner.
  • D. until the secured debt is satisfied.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Which of the following is NOT among the requirements for recording a document affecting title to property in Pennsylvania?

  • A. The addresses of grantees must be provided on a special form appended to the document.
  • B. The stamp of the notary must be clear and legible and nothing may be written over it.
  • C. The signatures on the document must be acknowledged.
  • D. The executed title insurance policy must be sent to the state insurance department.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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An insurer charges a higher premium for insurance because of someone's race, marital status, or age. This is an example of

  • A. unfair discrimination.
  • B. rebating.
  • C. illegal inducement.
  • D. unfair coercion.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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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. bundled services.
  • B. conversion.
  • C. kickback.
  • D. required use.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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