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Insurance Licensing PA-Title-Insurance-Agent Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Insurance Industry Overview | - Regulatory Framework
|
| Topic 2: Ethics and Professional Conduct | - Fiduciary Responsibilities
|
| Topic 3: Real Estate and Settlement Procedures | - Legal Concepts
|
| Topic 4: Title Insurance Principles | - Title Insurance Policies
|
Insurance Licensing Pennsylvania Producers Examination for Title Insurance Series 16-10 Sample Questions:
1. Which document is recorded in the recorder of deeds?
A) civil judgment
B) realty transfer tax statement of value
C) mechanic's lien
D) notice of lis pendens
2. What is the purpose of probate of an estate?
A) to foreclose a lien
B) to establish heirs
C) to transfer a deceased's debts
D) to avoid inheritance tax
3. The process by which a mortgage is enforced against real estate is called a
A) forfeiture.
B) sheriff's sale.
C) trustee sale.
D) non-judicial foreclosure.
4. To satisfy a mortgage of record, which of the following must be filed?
A) an original note
B) a mortgage satisfaction
C) a payoff statement
D) a certified copy of original mortgage
5. A manufactured home can be insured if
A) a mortgage has been filed describing the manufactured home.
B) the motor vehicle title has been deactivated, it is affixed and assessed as real property.
C) it has a motor vehicle title and is located on the insured property.
D) it is on the insured property and has a permanent foundation.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |
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