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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Title Insurance Principles | 25% | - Title commitments and policy forms - Exceptions and risk elimination - Purpose and function of title insurance - Title search and examination procedures |
| Topic 2: General Insurance Concepts | 15% | - Contract law fundamentals - Basic insurance principles - Risk and indemnity |
| Topic 3: Insurance Regulation | 25% | - Unfair trade practices and ethics - Licensing requirements and procedures - Pennsylvania insurance statutes and regulations |
| Topic 4: Real Property Law | 25% | - Property rights and interests - Liens, encumbrances, and easements - Conveyance and recording statutes |
| Topic 5: Real Estate Transactions & Settlement | 10% | - Policy issuance and delivery - Disbursement and record-keeping - Escrow and closing procedures |
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Which of the following types of deeds provides the purchaser of real estate the greatest protection?
A) quitclaim deed
B) deed in trust
C) trustee's deed
D) general warranty deed
2. To satisfy a mortgage of record, which of the following must be filed?
A) a mortgage satisfaction
B) a certified copy of original mortgage
C) an original note
D) a payoff statement
3. An insurance licensee must do all of the following in order to renew an insurance license EXCEPT
A) pay the required renewal fee.
B) hold active insurer appointment(s).
C) complete the continuing education requirements, if applicable.
D) submit to the department a completed renewal form.
4. Which of the following is NOT effective with a Quit Claim Deed?
A) Stops grantor from asserting rights.
B) Warranty of title.
C) Remove clouds on title.
D) Conveyance of title interest.
5. The process by which a mortgage is enforced against real estate is called a
A) non-judicial foreclosure.
B) trustee sale.
C) sheriff's sale.
D) forfeiture.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
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