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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Insurance Industry Overview | - Regulatory Framework
|
| Topic 2: Title Insurance Principles | - Title Search and Examination
|
| Topic 3: Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Topic 4: Real Estate and Settlement Procedures | - Closing Process
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. When a land owner uses his land as security for a loan, the encumbrance created is called
A) a special security.
B) an involuntary lien.
C) a promissory note.
D) a mortgage.
2. Which document is recorded in the recorder of deeds?
A) mechanic's lien
B) notice of lis pendens
C) realty transfer tax statement of value
D) civil judgment
3. An acknowledgment
A) states that a deed contains verified information.
B) is an authorization to convey property.
C) provides evidence that a signature is genuine.
D) is a signature on a deed.
4. What must accompany the satisfaction piece when presented for recording?
A) The final receipt
B) The payment record
C) The certificate of title
D) The original mortgage instrument
5. Obtaining and recording releases of mortgages and reconveyances of trust deeds satisfied at closing is considered part of what process?
A) marketing
B) pre-closing
C) post-closing
D) disbursement
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: C |
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